US property underwriters begin push for rate rises

As insurers and their reinsurers continue the challenging task
of assessing HIM exposures, there is anecdotal evidence that US
property underwriters are beginning to demand rate increases at
renewal.
According to market sources, a clutch of excess and surplus
lines (E&S) carriers have been pricing cat-exposed accounts
with rises in the range of 20 percent, including at least one that
has set its floor at 30 percent.
Meanwhile, there have been suggestions that one of the major
MGAs in the...