Jan. 1 renewals News
SCOR CEO Prediction: Double-Digit Reinsurance Rate Hikes on Jan. 1
Reinsurance rates are likely to rise in the double-digit percentage point range at key contract renewals in January, Denis Kessler, chairman and chief executive of the French reinsurer SCOR, said on ...
Underwriting Discipline Will Rule With January 1 Reinsurance Renewals
Economic uncertainty and volatility, in combination with COVID-19-related losses, is leading to a heightened level of cautiousness among property reinsurers unless pricing and terms and conditions ...
2018 Catastrophes Made ‘Muted Impact’ on Jan. 1 Renewals: Guy Carpenter
The overall impact of catastrophe losses on property rates was muted at the Jan. 1, 2019 reinsurance renewals, but the fourth-highest annual catastrophe loss year on record did create questions over ...
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 ...
Swiss Re Reports Nearly Half-Billion-Dollar YTD Loss; Forecasts Price Hikes
A rise in insurance premiums, especially in areas affected by recent hurricanes and disasters, will help Swiss Re recover from almost half a billion dollars of losses in the first nine months of this ...
Cyber Liability Rate Renewals Dipped in Q1 as Coverage Capacity Soars: Marsh
Cyber coverage has been a rapidly growing business segment for P/C insurers for years. But much more capacity may have led to this: U.S. cyber liability renewal rates declined during the 2017 first ...
Jan. 1 Renewals Continue Reinsurance Downward Pricing Spiral: Willis Re
Reinsurers dealing with Jan. 1, 2016 renewals are seeing continued pricing declines in most cases, with no end in sight to the years-long trend, Willis Re asserted in a new report. The situation is ...
Aon Benfield Sees a Positive Angle In Reinsurance Capital Trends
The roller coaster ride engendered by the entry of large amounts of alternative capital into the reinsurance market – originally seen as a threat – has turned out to be a major factor in ...