Heading into January 1 renewals, property and casualty (P&C) reinsurance pricing is set to decline, barring any significant catastrophic events, according to analysts at Morgan Stanley.
Tag: reinsurance
Reinsurance Market Participants Divided Ahead of January 2025 Renewals
The reinsurance market is experiencing divided opinions on the upcoming January 2025 renewals, with market participants disagreeing on whether price increases will be adequate to address rising loss trends, particularly in property catastrophe lines.
PFAS Litigation: A Growing Risk for Insurers
During a recent panel discussion at The Insurer TV’s Reinsurance Month, experts raised concerns about the increasing litigation risks surrounding PFAS, or “forever chemicals.”
Reinsurance Market Sets Its Focus for 2024 Monte Carlo Rendez-Vous
As the 2024 Monte Carlo Rendez-Vous (RVS) approaches, a poll conducted by Reinsurance News has revealed the top priorities for market participants heading into the reinsurance industry’s flagship event.
Florida Citizens Finalizes Comprehensive Reinsurance Program
Florida Citizens Property Insurance Corporation has secured a $3.5 billion reinsurance program for 2024, aimed at enhancing its financial stability and claims-paying capacity amidst increasing storm activity.
Catastrophe Bond Sales Hit Record High as Markets Brace for Rough Hurricane Season
The issuance of catastrophe bonds has reached a new high, as the market braces for a tough hurricane season with the potential to cause significant damage.
Florida Market Anticipated to Be Healthy at Upcoming June Renewals: Arch CEO
Commenting on the upcoming June reinsurance renewal in Florida, Marc Grandisson, President, and CEO of Arch Capital Group, expects the state’s market to be “well priced” and “very good” on a risk-adjusted basis.
Munich Re Posts Quarterly Profit of €2.1B as P&C Reinsurance CoR Strengthens
Global reinsurer Munich Re has announced a preliminary net profit of €2.1 billion for the first quarter of 2024, as the firm highlights a better than expected operational performance across all lines of business.
Swiss Re CEO Mumenthaler to Step Down After 25 Years at the Firm
Swiss Re AG Chief Executive Officer Christian Mumenthaler is stepping down after a quarter of a century at the world’s second-largest reinsurer.
Emerald Bay Risk Solutions Launches with Bain Capital Backing & Ingrey as CEO
Emerald Bay Risk Solutions, a collaborative underwriting carrier, has formally launched with a significant strategic investment from Bain Capital Insurance, the dedicated insurance investing unit of Bain Capital.