Reinsurance
Federal Reinsurance for Cats: No Thanks, APCIA Says
Federal lawmakers introduced a bill to create a federal natural catastrophe backstop recently, reacting to insurers' issues with growing private reinsurance costs. But a trade group for carriers ...
When Higher Pricing <> Underwriting Profit or Double-Digit Returns
In spite of premium increases that primary insurance carriers will record for 2023, the U.S. property/casualty industry as a whole won't report an underwriting profit or a double-digit return for the ...
FEMA Adds Nearly $620M to Reinsurance Program
FEMA announced that the agency is transferring $619.5 million more of the National Flood Insurance Program's financial risk to the private reinsurance market as part of its 2024 reinsurance ...
A Return to Balance: Brokers Say Reinsurance Renewals Were ‘Stable’
This year's January reinsurance renewals were described by brokers as "stable," "predictable," "orderly," "calmer," "disciplined," with "increased appetites" and a return to supply/demand balance. ...
Loss-Impacted U.S. Programs Among Those Seeing Biggest 1/1 Prop. Cat Re Price Hikes
While the reinsurance market indeed stabilized during the January 2024 reinsurance renewals (from the chaotic January renewals of last year), buyers with loss-affected programs experienced further ...
U.S. Property Reinsurance Rates Rose Nearly 50% for Some on Jan 1
U.S. property catastrophe reinsurance rates rose by as much as 50 percent on the key Jan. 1 renewal date, broker Gallagher Re said in a report on Tuesday, as reinsurers look to recoup losses from ...
Reinsurance Buyers Find ‘Smoother’ January Renewals With Ample Capacity: Guy Carpenter
Ceding companies are finding that a responsive reinsurance market has materialized for the Jan. 1, 2024 renewals — a reflection of ample capacity and a commercial approach to trading partnerships, ...
No Sugarcoating: Availability Before Affordability, Calif. Regulator Says
If the old adage "As California goes, so goes the nation" is true, then 2024 will be another year of industry retooling as insurers and regulators set a path for the future of the U.S. P/C property ...