- Extreme weather and inflation creating ‘perfect storm’ for rate increases
- Captives under greater consideration, but warning against short-termism
- Captives pushed up the tower, with commercial market keen for primary layer
- Concern over fronting capacity and structure on property programmes
The current environment for property risk has created the “perfect storm” for writing the line through captive insurance companies, although important questions concerning collateral, retentions and long term strategy need to be considered for insureds.
Globally, weather events have become more capricious and more locations are becoming exposed to frequent, dangerous and costly environmental catastrophes.
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