X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Low interest rates, rather than storm losses, are driving the bulk of the rate increases in the insurance industry, says a company CFO.

Speaking on a CFO panel at the 23rd annual Executive Conference, Michael McGuire, CFO at Endurance Specialty Holdings, predicted that the economy would be mired in a low-interest-rate environment for the foreseeable future, and he said the industry needs to see at least three more years of price increases. The line likely to see the biggest increases—of 10 percent or more—is workers’ compensation, which is “like a noose” around the necks of carriers with a lot of workers’ comp exposure on their books. 

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.