After large losses in 2017 and 2018, coupled with a prolonged period of soft prices, the property and casualty market is now in a corrective state for most lines of business. Through the first quarter of 2019, we have seen tightening of terms and conditions, capacity, and pricing for property, casualty, and directors and officers coverage. In the April 2019 Lockton Market Update, Lockton’s experts share the trends they are experiencing in the marketplace and what clients should keep in mind as they prepare for renewals. In addition to general property and casualty updates, other topics addressed include:
- Specifics trends in the property market for cargo, construction, real estate and auto dealer clients.
- Casualty trends specifically related to the healthcare and real estate industries.
- Cyber coverage.
- Executive lines.
- Personal lines for high net worth individuals.