Posts Tagged ‘Engineering’

April 13th, 2012

April 1, 2012, Reinsurance Renewals: Japan Casualty Lines

Posted at 1:00 AM ET

Personal Accident

The trend of hardening rates continued in 2012 although at a slightly lower pace. Risk adjusted rate increases were between 3 percent and 11 percent. Companies whose lead terms were agreed prior to the Tohoku earthquake last year had to accept a steeper increase.

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February 21st, 2012

January 2012 Reinsurance Renewal: Construction & All-Risk Engineering

Posted at 1:00 AM ET

Engineering reinsurance pricing was flat at the January 1, 2012, reinsurance renewal - for general treaty, catastrophe excess of loss and per risk. For loss-affected programs, the losses realized drove pricing changes.

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March 8th, 2010

Construction & Engineering Renewals at 1/1

Posted at 12:00 PM ET

Simon Hayes, Managing Director

The 2008-2009 global financial crisis had a significant impact on insurers in the engineering and construction sector. Many large and small Contractors All Risk (CAR)/Erection All Risk (EAR) single projects around the world were either cancelled or suspended due to lack of available financing. These developments have caused insurers’ income from construction projects to shrink. Insurers see a need to expand into other classes, such as annuals, power and breakdown.

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