Rates

COO Brian Haney pushed back on the notion that rate hikes had hit their peak and said he expected rising inflation to "prolong the hard market".

“I think it's fair to say that the market momentum is clearly there,” Grandisson said on Thursday.

RenRe CEO Kevin O’Donnell said cyber reinsurance rates were two fifths higher in Q2 than during the same period last year.

Commercial property slows down and workers’ comp worsens.

Social Inflation could rebound faster than expected and disrupt the industry's narrative on margin expansion.

Progressive’s June results point to worsening underlying trends for personal auto carriers.

The new adjustments will increase rates 7.6% on average after February 1, 2022.

Business insurance rates rose by 5.9% in Q2, down from 7% in Q1, but it is still too soon to declare a change in trend, according to the MGA’s latest report.

Buying D&O insurance for special purpose acquisition companies (SPACs) has become difficult, even by the exacting standards of the current hard market for executive liability market risks, Amwins noted in a report this week.

Rising rates reflect increasing complexity in underwriting, higher losses and inflation.

Hippo CEO says rates will rise in the coming years, due to population movements and states leaving carriers to take on home insurance risks.

Carriers also reported premium expansion and improved solvency during the quarter.