21 April 2018

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Rate reductions slow at initial 1.1 energy renewals

3 January 2017

Signs of a slowdown in the pace of rate reductions for energy (re)insurance business were in evidence at 1 January renewals, although market uncertainty is likely to continue, according to JLT Specialty.

In its January quarterly energy newsletter, JLT Specialty said that with brokers still pushing for double digit reductions in energy (re)insurance rates a number of 1.1 renewals were nonetheless bound with "single digit percentage reductions".

The broker noted that reinsurance renewals were still ongoing but said the signs...

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