The word ‘disappointing’ appears often in broker/press reviews of the January renewals. Whilst apt in the context of early rate predictions, we consider the negativity to be overdone. In fact, the increases achieved were close to our expectations and the YoY price shift is positive. We are also encouraged by signs of (modestly) improving rates in Casualty and Speciality Lines. At the very least a nadir appears to have been reached. We maintain our view of a slow burn rating upturn
15 Jan 2018
Goodbye falling market, hello stability?
Beazley Plc (BEZ:LON), 660 | Hiscox Ltd (HSX:LON), 1,156 | Lancashire Holdings Limited (LRE:LON), 568
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Goodbye falling market, hello stability?
Beazley Plc (BEZ:LON), 660 | Hiscox Ltd (HSX:LON), 1,156 | Lancashire Holdings Limited (LRE:LON), 568
- Published:
15 Jan 2018 -
Author:
Joanna Parsons -
Pages:
14
The word ‘disappointing’ appears often in broker/press reviews of the January renewals. Whilst apt in the context of early rate predictions, we consider the negativity to be overdone. In fact, the increases achieved were close to our expectations and the YoY price shift is positive. We are also encouraged by signs of (modestly) improving rates in Casualty and Speciality Lines. At the very least a nadir appears to have been reached. We maintain our view of a slow burn rating upturn