2023 is predicted to be a below average storm season in the US, which along with price increases achieved over the past several years, should benefit re/insurers and underwriters; this amid a “fatigued” market caused by a challenging last 5 years from a catastrophe loss perspective, Amwins CEO Scott Purviance commented in a recent interview with Reinsurance News.
“Clearly I’d say, 2022 was a challenging year, and Ian was the straw that broke the camel’s back. I think that when that occurred, through what had been a four-year hard market with most lines of business moving higher during that period.
