Jan. 1 reinsurance renewals News
Reinsurers Will Seek More Rate Hikes After ‘Good’ January Renewals: S&P
Global property and casualty reinsurers saw "good" rate increases during the January 2021 renewals but they came up short of a hard market, dashing reinsurers' hope of a strong start for 2021, ...
Industry Underestimating COVID Biz Interruption Losses: RenRe CEO
During an upbeat earnings call focused on how RenaissanceRe is using $1 billion of capital it raised last year in 2021, the CEO highlighted one negative development for the industry ...
Aviation Reinsurance Jan. 1 Renewal Rates Climb Up to 250 Percent
Aviation reinsurance rates rose by up to 250% at the key Jan. 1 renewal date, broker Willis Re said in a report on Monday, with the market still reeling from the impact of Boeing 737 MAX crashes two ...
Jan. 2020 Reinsurance Renewals Vary Widely
The January 2020 reinsurance renewals saw significant variation in pricing and capacity depending on geography, line of business, cedents' loss record and client relationships, according to two ...
Property Catastrophe Retrocession a Bright Spot in Jan. 1 Reinsurance Renewals: A.M. Best
The property catastrophe retrocession market was a bright spot in what was largely flat pricing for reinsurance at Jan. 1 2019 renewals, A.M. Best said in its latest Market Segment Report. According ...
January Renewals Are Splitting Into Two Tracks: Willis Re
Reinsurance placements at Jan. 1, 2019 highlight a pricing gap between accounts with peak peril exposures, or poor loss records, and the rest, with many reinsurers placing emphasis on the quality of ...
W.R. Berkley CEO: Trump Tax Cuts Bring Domestic Carriers a ‘Double Plus’ Benefit
W.R. Berkley Corp. President and CEO Robert Berkley Jr. referred to the Trump tax cuts as a "double plus" that will benefit domestic insurers in a number of ways in the months ahead. "From our ...
Jan. 1 Reinsurance Renewals Point Toward Moderate Price Increases Through 2018: S&P
After years of declines, January reinsurance renewals finally turned in the other direction in an upward trend that will continue throughout 2018, according to a new Standard & Poor's report. ...