Blog: Why Excess of Loss is key in the current casualty market?

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Pat Wood
11 Dec 2019

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The casualty market has certainly felt the effects of the capacity crunch, with revised legislation having an impact on the market, making insurers’ and brokers’ lives more challenging than for a long, long time.

The Ogden rate revision has been a large contributing factor to this, with the recent unexpected news that the revised rate is being adjusted to -0.25%. The negative rate means some insurers will be under-reserved on outstanding claims. The knock on effect for brokers is insurers

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