According to a bullish forecast from Goldman Sachs analysts, reinsurance rates and pricing may rise faster than primary insurance rates and pricing through 2022 and 2023. Goldman Sachs analysts, in initiating analyst coverage of the big four European reinsurance firms, imply that the reinsurance market has room to catch up further to the stage of… Continue reading Reinsurance Rates May Rise Faster than Primary for Two Years: Goldman Sachs
Tag: reinsurance pricing
Reinsurers Could Be Underestimating Nat Cat Exposure by 33-50%: S&P
Analysts at S&P Global Ratings believe that reinsurers could be underestimating their exposure to natural catastrophe risks by between 33% and 50%, despite recent efforts to better incorporate climate change considerations into their business models. A new stress test by the rating agency highlighted the potential for significant volatility in earnings and capital due to… Continue reading Reinsurers Could Be Underestimating Nat Cat Exposure by 33-50%: S&P
Two-Thirds of Lloyd’s of London Capacity Now Available on Tremor
Tremor Technologies, Inc., the leading online reinsurance pricing and placing platform, furthers its rapid adoption with tremendous growth at the venerable Lloyd’s of London. Today, Tremor has crossed the two-thirds threshold whereby 67% of Lloyd’s stamp capacity is now directly available to insurance companies seeking reinsurance protection via the Tremor marketplace. More specifically, 33 Lloyd’s… Continue reading Two-Thirds of Lloyd’s of London Capacity Now Available on Tremor
Reinsurance Price Increases “Absolutely Essential” in 2021: Hannover Re
Against the backdrop of ongoing COVID-19 losses and a low interest rate environment, Hannover Re has argued that continued reinsurance rate increases are “absolutely essential” next year. In a new release that was planned for this year’s cancelled Monte Carlo meet-up, Hannover Re says it anticipates “significant price increases” spanning the various lines of property… Continue reading Reinsurance Price Increases “Absolutely Essential” in 2021: Hannover Re
A Measured Approach to April 1 Renewals: Willis Re
Reinsurers took a measured approach to the April renewals, which saw significant rate increases on loss-affected accounts and more modest rises on loss-free business. The global reinsurance sector smoothly moved to the new working-from-home model following the COVID-19 outbreak and was able to provide uninterrupted service, according to the latest 1st View renewals report from… Continue reading A Measured Approach to April 1 Renewals: Willis Re
Willis Re: Reinsurance Markets Diverge at January 1 Renewal Period
Reinsurers have been judicious during the 1.1 renewal period, leading to significant pricing and capacity variance depending on geography, product line, loss record, and individual client relationships. As a result, the renewal season has concluded later than in previous years, according to the latest 1st View renewals report from Willis Re, the reinsurance division of… Continue reading Willis Re: Reinsurance Markets Diverge at January 1 Renewal Period
Underwriting Discipline and Increased Pricing Helped Offset Elevated Losses for U.S. Homeowners Insurers
Despite above-average catastrophe losses in 2018, the underwriting performance of U.S. homeowners insurers benefited from rate increases, enhanced pricing segmentation and favorable reinsurance pricing in most markets, according to a new AM Best report. A new Best’s Market Segment Report, titled, “U.S. Homeowners Carriers Stand Firm Following a Myriad of Catastrophe Events,” states that homeowners… Continue reading Underwriting Discipline and Increased Pricing Helped Offset Elevated Losses for U.S. Homeowners Insurers
Global Reinsurance Market Survey Results Show ILS Usage to Rise
The second global reinsurance market survey conducted by Artemis and Reinsurance News reveals an expectation for more pronounced and more broad price momentum at the key January 1st renewals, while use of insurance-linked securities (ILS) is once again expected to rise. The results of our 2019 global reinsurance market survey reveal a more optimistic pricing… Continue reading Global Reinsurance Market Survey Results Show ILS Usage to Rise
Market Dynamics Suggest Higher Overall Reinsurance Rate Increases at Mid-Year
Analysts at Keefe, Bruyette & Woods (KBW) expect property and casualty (P&C) insurers and reinsurers to report manageable catastrophe losses in Q1, while the market’s distinction between loss-free and loss-affected accounts’ pricing suggests higher overall rate increases at the upcoming mid-year reinsurance renewals. In terms of large events, the global catastrophe experience in the first-quarter… Continue reading Market Dynamics Suggest Higher Overall Reinsurance Rate Increases at Mid-Year
Swiss Re Optimistic on Long-Term Pricing Prospects
Swiss Re is optimistic about its own long-term pricing prospects, as well as those of the wider reinsurance industry, despite the persistence of challenging market conditions. This is according to Moses Ojeisekhoba, CEO of Reinsurance at Swiss Re, who told Reinsurance News that the company was confident the competitive low-rate environment would improve in 2019… Continue reading Swiss Re Optimistic on Long-Term Pricing Prospects