Rates

August was the fifth consecutive month to exceed more than $1bn in premiums, fueling a 26.3% year-to-date increase in premiums written to $7.81bn.

Themes from this year’s ITC conference in Las Vegas also included the exit of less educated investors, increased appetite for venture debt and the allure of cyber.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

The shift impacted IPO, life science and technology companies the most – those that were hit hardest by the upward D&O insurance pricing trends in years past.

Inside P&C’s news team runs you through the key highlights of the week.

August’s overall consumer price index edged up 0.1 points, after no change in the prior month.

Sources noted that competition has expanded from excess layers into the primary market – and that has been a major development since the beginning of the year.

Cyber continued to register the largest increase in the period, while D&O saw a small price drop compared to a moderate increase in the previous quarter.

If the hurricane season continues to be mild, it could impact pricing momentum.

Premium renewal rate increases for commercial auto, business owners’ policies (BOP) and general liability accelerated in August compared with July, according to Ivans pricing data.

The broker said some reinsurers were planning for significant growth in property catastrophe as demand is expected to pick up pace.