Benchmarking Trends: Excess/Umbrella Insurance Rates Still Increasing

Insureds with difficult risk profiles typically experienced the highest increases in pricing and primary attachment points, sometimes in conjunction with coverage restrictions.

Insureds with difficult risk profiles typically experienced the highest increases in pricing and primary attachment points, sometimes in conjunction with coverage restrictions.

The October edition of the Marsh Risk Management Research (MRMR) benchmarking briefing focuses on excess/umbrella casualty insurance rates, specifically rates at renewal for various sizes of clients.

Highlights include:

• Excess/umbrella casualty insurance rates at renewal rose in the third quarter of 2012, the fifth straight quarter of increases.
• Excess/umbrella insurers generally are seeking to raise rates.
• Large clients were slightly more likely than others to experience rate increases in the first three quarters of 2012.