Property rates lag reinsurance cost spike; a hard ‘23 assured: Berkley

27-01-2023

Property rates lag reinsurance cost spike; a hard ‘23 assured: Berkley

The US property market failed to price the spectrum of spiking reinsurance costs into primary market property policies in the fourth quarter, setting the industry up for a bit of catch-up whiplash on rates during 2023, the president and CEO of property/casualty insurer WR Berkley has declared.


Reinsurance, Insurance, Property Insurance, Property Catastrophe, WR Berkley, Strategy, Rates, US

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