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Soft Market

Pricing pressures have diminished margins to such an extent that profitability is under significant threat. The focus on disciplined underwriting is mounting at Lloyd’s, where the Corporation has vowed to take all the steps necessary to ensure underperforming business is addressed.



McGavick calls market turn as XL puts HIM losses at $1.33bn

Chief executive says market will move to 'more realistic and sustainable pricing' following devastating hurricanes 
XL Group Hurricane Season Losses

Hiscox's Masojada: The market is for turning

Hiscox group chief executive, Bronek Masojada, was the first senior figure to suggest the recent spate of devastating catastrophes could turn the market. But he also argues if rates go up, there is a real danger that the market will lose sight of the work it has to do to make London more competitive

Lloyds Hurricane Season London

Rates unlikely to jump on storm losses: Moody's

Rating agency predicts 'pockets of strength' in loss-affected accounts
US States Reinsurance Hurricane Season

Talk of reinsurance bottoming-out is premature

The market seems stuck in soft mode, while results worsen
Companies House Reinsurance Renewals

Falling rates divide reinsurers on strategy

Prices are down but the response of reinsurers has been more nuanced
Companies House Reinsurance Renewals

Re/insurers take bullish stance on post-HIM hardening as brokers remain dovish

Senior re/insurance executives lay the ground for multi-class rates increase following this year's devastating hurricane season
South America North America US States
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No change for reinsurance rates in 2017, Fitch says

Uptick in major losses unlikely to impact pricing

Reinsurance International

Cutting a path through the property soft cycle

Advances in technology and data analysis mean property insurers are better able to manage the soft cycle but underwriters must maintain their discipline as the market begins to harden

Property
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