Risk programs are generally impacted by their own history of loss experience, changes in the composition of the underlying portfolio in terms of risk class or limits and the amount of cat risk they are exposed to. Recent risk renewals reflect this and experience at renewal was varied. Capacity was plentiful, although some markets did cut back on authorizations for more heavily cat exposed programs. Overall, pricing was flat to down slightly.
July 8th, 2011
Posted at 1:00 AM ET