Premium growth remained positive with an average increase of 11% in Q1 supported by continued favorable pricing for commercial lines and reinsurance business, according to Gallagher Re. Underwriting results were strong with (re)insurers posting a 94% combined ratio (Q1 21: 96%), driven by favorable rates and a lower natural catastrophe loss impact compared to last… Continue reading Gallagher Re: Reinsurance Premiums Rose 11% Q1
Tag: reinsurance prices
January Reinsurance Renewals Reflect Healthy But Evolving Market
January 1 renewals, according to Guy Carpenter, reflected a healthy but evolving market as reinsurers adjusted risk appetite and pricing thresholds for certain sectors in response to ongoing and emerging challenges. Despite this, the majority of placements were ultimately orderly once cedents’ terms were issued, as market participants effectively traded through a dynamic environment.… Continue reading January Reinsurance Renewals Reflect Healthy But Evolving Market
Hannover Re Expects Rising Reinsurance Prices After Catastrophic Weather Events in Germany
E+S Rückversicherung AG, the Hannover Re subsidiary responsible for the Group’s German business, expects higher prices – in some areas markedly so – and improved conditions in property and casualty reinsurance on the German market following the devastating flood damage in the summer. “After the terrible severe weather events of June and July, 2021 will… Continue reading Hannover Re Expects Rising Reinsurance Prices After Catastrophic Weather Events in Germany