Continued catastrophe losses will drive further increases for many property insurance policyholders, and, while pressures on liability lines have been alleviated by the closure of courts during the COVID-19 pandemic, rate hikes are still expected for casualty risks.
New research shows an increased appetite for calculated risks within the leadership of the re/insurance industry, with nearly 90% of executives expecting business conditions to be stronger a year from now.
Analysts have warned that major property and casualty reinsurers’ performance could be affected this year by natural catastrophes and uncertain outcomes of COVID-19 related business interruption lawsuits.
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