A.M. BestTV at London Market Briefing: After a Succession of Catastrophes, a Pause Before Impact
Topics also discussed at the briefing include the issue of protectionism, merger and acquisition activity, A.M. Best’s Credit Ratings outlook and the recent adoption of A.M. Best’s updated global methodology.
“It's an opportunity for
Insurance executives participating in the market briefing said they expect the losses generated by hurricanes Harvey, Irma and Maria and other catastrophes to lift rates across the industry.
“January 1 is a major date for reinsurance renewals and those negotiations are ongoing at the moment. It is not yet clear how much prices will rise, but clearly that prices will rise for loss-affected contracts,” said
However,
“This probably won’t be a long-term catalyst to improve the pricing environment and because of that it may not be that kind of beginning point for hard-market conditions, which frankly would be a good thing for the industry,” said Holzberger. “We’re just not sure we’re going to see that in 2018 and beyond.”
Other people that appear in this episode:
-
Jon Hancock , performance management director, Lloyd’s; -
Mike Van Slooten , international head of market analysis,Aon Benfield ; and -
Mark Geoghegan , managing director, Insurance Insider.
Visit http://www.ambest.tv/imbe17 for full coverage of the event, with exclusive interviews with key executives at the briefing.
Recent episodes of A.M.BestTV include:
- Demographics and Product Availability Drive Growth of Medicare Advantage:
Bridget Maehr , senior financial analyst, andJason Hopper , associate director, both ofA.M. Best , examine the growth of Medicare Advantage offerings and how legislative changes have affected insurers' operating performance: http://www.ambest.com/v.asp?v=medicareadvantage1117. - Insurers Watch Federal Reserve for Quantitative Easing, Rate and Chair Changes: Associate Directors
Meg Mulry andJason Hopper of A.M. Best’s economic and industry research department review the expected impact of theFederal Reserve's (Fed) tapering of quantitative easing, the nomination ofJerome Powell as next Fed chairman and the possibility of near-term rate hikes: http://www.ambest.com/v.asp?v=qereport1117.
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