The cyber, coastal property and commercial property insurance markets are likely to remain hard in the next six to 18 months, according to the latest P&C Market Overview by Burns & Wilcox.

Cyber carriers this year are using “vastly different” tactics around rates and security requirements, while lower sublimits and more exclusions are increasingly making their way into policy wordings, according to a new report from wholesaler Risk Placement Services (RPS).

During a panel discussion held by Lloyd’s, executives from Marsh, RT Specialty and Acrisure suggested that the rapid swing to large pricing decreases in the US public D&O market this year will stabilise during 2023.

Environmental insurance underwriters are responding to market challenges by tightening coverage rather than raising rates, with pricing in the sector broadly maintaining the downward trajectory it has been on for what is now close to three decades, according to RT Specialty’s Jeff Slivka.

Executives at wholesale intermediary Risk Placement Services (RPS) have said that while the workers’ compensation market is in transition, profits in the business line remain strong, but insureds could benefit from further entry of excess writers into the market.

Uncertainty over Hurricane Ian losses and a capacity crunch in reinsurance has temporarily plunged the E&S property market into a frozen state ahead of an anticipated rapid re-hardening that will be sustained through 2023 and beyond.