Rates

In its marketplace realities report, the broker notes that D&O rate rises are beginning to tail off.

The pricing disclosures from both carriers indicated rate moderation for the first time in many quarters.

The Nasdaq-listed parent plans to list up to half of the unit in the third quarter.

The CEO says WR Berkley is benefitting also from a continued reduction in appetite by standard insurers.

The rate of softening in the workers' compensation market slowed in Q1, with pricing cuts averaging -1.37%.

The executive says the carrier made strides last year in its underwriting and is well positioned for growth.

The Aon president said insureds will begin to “test” carriers and brokers on price.

The survey finds rate rises were most pronounced for excess liability and D&O business.

The broker’s index suggests cyber rates surged ahead of January 1 renewals.

The broker says also that the Florida and south Florida condominium market has become micro-hard in recent weeks.

Rate rises in the D&O market held steady during the first two months of 2021, even as underwriting criteria for public D&O risks began to loosen in initial signs that the line may lose momentum during the second half of the year.

The personal and commercial lines book will be folded into recently-acquired Centauri Insurance.