Guy Carpenter’s David Edwards examines the state of play in the credit and political risk market and looks ahead to January’s renewals.
Against a backdrop of growing economic and political risks in recent years, loss ratios in the trade credit, bond and political risk business have remained exceptionally low across the market, with marginal upticks in some instances, but no widespread major increases as of yet.
While other reinsurance classes have hardened, the prevailing sentiment in this segment has been a sense of realism about rate developments,…
