Insurance rate hikes spread across business lines, territories

Source: Business Insurance

July 25, 2019 Evan Greenberg, chief executive of U.S.-based insurer Chubb Ltd. said that recent insurance rate hikes are spreading to new lines of business and new territories worldwide including the London wholesale market, reported. Mr. Greenberg said that commercial insurance buyers are increasingly moving towards quality risks, providing more opportunities for the insurance-linked securities sector.