Pickup in social inflation ‘not leveling off’: Inside P&C reinsurance panel
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Pickup in social inflation ‘not leveling off’: Inside P&C reinsurance panel

Giovanna Bellotti Azevedo
September 29, 2021
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Inflationary pressures – from social and economic causes – will not be a temporary phenomenon and will weigh on projected loss costs for several years, a panel of reinsurance underwriting executives has warned.

Speaking at the Inside P&C North America conference on Tuesday, Jed Rhoads, president and CUO for Markel’s reinsurance business, said the weight of heavy claims to the reinsurance market in recent years – from significant cat activity, nuclear verdicts,...

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