2018 rate rises will not be enough: S&P

Despite recognising that positive pricing conditions will be in
play for 2018, rating agency S&P Global Ratings said any
upwards correction of rates is not likely to be enough to ease
pressures on carriers.
In a report last week, the firm said rate increases this year
were likely to be sub-par as excess capital continues to undermine
underwriting discipline.
And after a year in which the industry's balance sheet
weathered record cat losses, the rating agency predicted that it
would...