Rates increase at Lloyd’s, rise selectively in reinsurance, ILS

Source: Business Insurance

July 24, 2019 Bermuda-based insurer Hiscox P.L.C., said that insurance rates are currently increasing at Lloyd’s of London while hikes are selective in the reinsurance and insurance-linked securities sectors, Artemis.bm reports. Rates are expected to rise across geographies according to losses and reinsurers’ performance rather than market-wide increases.