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No Big Price Hikes At Renewal Season

According to statements they have issued, while major price hikes were achieved for property catastrophe covers, particularly for those carriers with big Gulf exposures, pricing in other lines has rem

By Steven Tuckey | Updated on January 13, 2006

The record catastrophe losses of 2005 did not produce the overall hard market at renewal season predicted by some analysts, a number of leading brokers said.

According to statements they have issued, while major price hikes were achieved for property catastrophe covers, particularly for those carriers with big Gulf exposures, pricing in other lines has remained flat.

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