Specialty lines in focus after cat losses

Senior insurance executives and underwriters in Baden-Baden were
expecting a North Atlantic-hurricane-induced rate increase to
spread even into unaffected specialty lines, after years of margin
compression in sectors including marine, energy and aviation.
Brokers appeared to accept that cedants would have to forgo rate
cuts, but at the reinsurance meeting they argued vehemently against
underwriters levying hefty indiscriminate rate rises on unaffected
accounts.
However, Munich Re management boar