reinsurance renewals News
January Renewals See Hardest Property-Catastrophe Reinsurance Rates in Generation
A convergence of global events has led to the hardest property-catastrophe reinsurance market in a generation and a "complex," "grueling" and "late" January renewal ...
‘Droves’ of Global Re Market Entrants Unlikely; Outlook Stable: AM Best
Will 2023 reinsurance renewals mark a turning point to a "true hard market" that attracts "new capital in droves" and expands supply? Analysts from AM Best raised the question in a new Best's Market ...
Vendor Cat Models Not Capturing Climate Change Impact: RenRe CEO
During a quarterly earnings call, the leader of RenaissanceRe discussed drivers of company's third straight double-digit operating ROE result, its resilience to inflation and recession risk, and also ...
P/C Reinsurers Keep Underwriting Discipline, Even as Capacity Rises: Guy Carpenter
Property and casualty reinsurers have displayed underwriting discipline during this year's renewals, continuing with rate corrections that began several years ago, despite the pressures of abundant ...
With Hardening Market and Higher Rates, Swiss Re Offers Positive Renewal Outlook
Swiss Re said it sees a positive outlook for renewals as the market continues hardening and rates increase. "Even before the COVID-19 crisis, most major markets were operating at below-average ...
Guy Carpenter: June 1 Re Renewal Price Decreases Lessened
After two years of reinsurance price decreases averaging 15 percent on U.S. property catastrophe placement, risk-adjusted pricing moderated at the latest June 1 renewals, Guy Carpenter said. "Many ...
Double-Digit Re Price Drops Expected for June Renewals, Fitch Says
The recently completed April reinsurance renewals resulted in a bigger-than-expected drop in prices and suggest that there will be another double-digit fall in rates for Florida in the key June ...
Heard at PCI: Re Brokers See Changes Beyond Rate Drops at Jan. 1
Insurance carriers are not sitting around looking forward to lower-priced reinsurance contracts on their Jan. 1, 2014 renewals. For some, the renewal negotiations are done. Others are locking in ...