In the week to 24 January the FTSE All Share fell -0.9% vs. +0.2% for the Insurance Index and -1.0% for the Lloyd’s Index. The best performer was JLT (+1.3%); Novae was the worst performer (-4.5%). This week we review JLT’s January 2017 renewals report. Whilst most reinsurance lines remained under pricing pressure, there was a clear moderation in the rate reduction in c50% of classes (see graph below), with only cyber and healthcare seeing larger YoY reductions. This is (quietly)
25 Jan 2017
The Money Bin - Insurance weekly
Helios Underwriting PLC (HUW:LON), 162 | Hiscox Ltd (HSX:LON), 1,172 | Jardine Lloyd Thompson Group (JLT:LON), 0 | Lancashire Holdings Limited (LRE:LON), 576 | Novae Group (NVA:LON), 0 | Beazley Plc (BEZ:LON), 658
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
The Money Bin - Insurance weekly
Helios Underwriting PLC (HUW:LON), 162 | Hiscox Ltd (HSX:LON), 1,172 | Jardine Lloyd Thompson Group (JLT:LON), 0 | Lancashire Holdings Limited (LRE:LON), 576 | Novae Group (NVA:LON), 0 | Beazley Plc (BEZ:LON), 658
- Published:
25 Jan 2017 -
Author:
Joanna Parsons -
Pages:
9
In the week to 24 January the FTSE All Share fell -0.9% vs. +0.2% for the Insurance Index and -1.0% for the Lloyd’s Index. The best performer was JLT (+1.3%); Novae was the worst performer (-4.5%). This week we review JLT’s January 2017 renewals report. Whilst most reinsurance lines remained under pricing pressure, there was a clear moderation in the rate reduction in c50% of classes (see graph below), with only cyber and healthcare seeing larger YoY reductions. This is (quietly)