Posts Tagged ‘professional liability’



February 13th, 2012

January 2012 Reinsurance Renewal: U.S. Professional Liability

Posted at 1:00 AM ET

Directors & Officers

D&O reinsurance rates were flat slightly at the January 1, 2012, renewal, despite small rate increases on some primary and lower excess insurance layers in recent months. Pricing was more competitive on higher excess insurance layers and is down approximately 10 percent year over year. For 2012 modest price increases in primary and first excess insurance layers are likely, especially in light of rate changes over the past few months. Rate decreases on excess insurance layers will be smaller, resulting in a net flattening. Small and medium-sized businesses are likely to follow the same trajectory.

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February 10th, 2012

January 2012 Reinsurance Renewal: European Professional Lines

Posted at 1:00 AM ET

jan2012cover_gcci2Professional indemnity insurance original pricing remains stable, with occasional rate increases where premiums have been maintained on a reduced fee income or on those accounts impacted by adverse loss experience.

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November 14th, 2011

Continental European Legislative and Judicial Trends: Directors and Officers (D&O) Liability Insurance: The Emerging Market in Poland

Posted at 1:00 AM ET

David Lewin, Managing Director

Introduction

Directors and officers (D&O) insurance has grown steadily in popularity since it was introduced in Poland 15 years ago. Accompanied by a rise in risk-aware corporate leadership, D&O insurance has evolved from an unknown product in the mid-1990s to a near necessity during periods of economic instability.

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July 26th, 2011

Focus on Hurricane Season at July 1, 2011 Reinsurance Renewal: International Casualty - Australia & New Zealand

Posted at 1:00 AM ET

There are a handful of casualty placements in Australia/New Zealand at the July 1 renewal. General casualty rates were flat. Most reinsurers seemed either reluctant or were instructed by their boards to not give up any rate levels. Renewals proceeded on a case by case basis. Where good claims experience and change in exposure mix justified it, reinsurers accepted rate reductions of up to 5 percent.

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July 21st, 2011

Focus on Hurricane Season at July 1, 2011 Reinsurance Renewal: International Casualty - Europe

Posted at 1:00 AM ET

Motor

UK:

Original rates continued to increase, particularly in the private car sector, where rates are moving upward at an average rate of 1 percent to 2 percent per month. Movements in commercial rates are less pronounced, but year on year rate movements are increasing in the range of 5 percent to 10 percent.

Movements in the original rates, combined with substantial excess capacity in the reinsurance market, mean that reinsurance rates were generally flat. Accounts with good loss experience saw reductions of up to 5 percent.

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June 9th, 2011

Jonathan Stephenson Named CEO of Guy Carpenter’s Pacific Region

Posted at 8:40 AM ET

Guy Carpenter & Company announced that Jonathan Stephenson has been appointed Managing Director of Guy Carpenter’s Australia operations and CEO of the firm’s Pacific region, effective July 1, 2011.

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February 3rd, 2011

Chart: Professional Liability Lines - Typical Excess of Loss Rate Changes at Jan. 1

Posted at 1:00 AM ET

fig-28

Click here to read the Executive Summary of Guy Carpenter’s report: Global Reinsurance Outlook: Points of Inflection; Positioning for Change in a Challenging Market >>

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January 27th, 2011

2011 Reinsurance Renewal Rates: Medical Professional Liability

Posted at 1:00 AM ET

141x141jan1thumb40Medical professional liability reinsurance rates remained flat year-over-year for working layers and high-risk excess programs. A strong primary market contributed to this trend, along with increased cedent retentions relative to 2010 (and, for that matter, 2009). There was ample capacity available at the January 1, 2011 renewal to meet cedents’ needs.

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January 26th, 2011

2011 Reinsurance Renewal Rates: General Liability & Professional Lines UK

Posted at 1:00 AM ET

141x141jan1thumb37The difficult economic environment continues to be of concern to insurers across all casualty and professional lines. The erosion of underlying fees/turnover/payroll affects premium levels for all lines. Increased incidence of fraud particularly affects professional lines and employers’ liability insurance.

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