CRC: Loss-free cat wind accounts from retrenching MGA market could see 200-300% rate increases
Wind-exposed loss-free property cat insurance accounts will see double-digit rate increases rising up to and over 100 percent at renewal where there have been losses, while accounts moving from retrenching MGAs and MGUs could see price rises of 200-300 percent when entering the open E&S market, even without losses, according to CRC Group.