Jefferies: hard market now extends to commercial linesUS Commercial insurance prices have risen for six consecutive quarters, creating a “long-awaited” hard market, according to analysis from equity analysts Jefferies.
Higher investment income and reserve releases help RLI to earnings beatRLI Corp reported an 11.2 percent increase in operating profits to $29.7mn for the second quarter that included stable underwriting performance helped by reserve releases along with higher investment income.
Analysts mixed on positive US pricing thesis as Q2 earnings beginAlthough the second quarter P&C earnings season that got underway in the US today will include the impact of weather losses and positive marks on investment portfolios, the focus of investors is likely to be on pricing momentum.
Market psychology points to sustained pricing shiftIt will not come as any surprise if a strong theme of the upcoming Q2 earnings season is bullish commentary from insurers on US commercial insurance pricing.
US commercial property momentum picks up through mid-year renewalsThe rate of acceleration in US commercial property pricing increased through the key 1 June and 1 July renewals as insurers pushed for rate as well as improved terms and conditions on accounts, multiple broking and underwriting sources have told The Insurer.
US commercial and personal lines increases accelerate in Q2: MarketScoutRate increases in both the commercial and personal lines P&C sectors picked up in the second quarter according to the latest survey by broker and MGA MarketScout.
Umbrella market tipped to intensify further in H2USI has predicted that US rate increases will gain further momentum for the rest of 2019, and noted the situation in the primary general liability and umbrella market in particular is intensifying.