According to Howden Re, the reinsurance broking arm of Howden, property catastrophe reinsurance rates-on-line fell by 5% at the June 1st renewals, with pressure greatest at the upper-layers of towers.
Tag: reinsurance rates
U.S. Property Catastrophe Reinsurance Rates Rise Up to 50% on July 1: Report
U.S. property catastrophe reinsurance rates rose by as much as 50% at a key July 1 renewal date, broker Gallagher Re said in a report on Monday, with states such as California and Florida increasingly hit by wildfires and hurricanes.
Guy Carpenter: Global Property Cat Rates On-line Up 27.5% at Jan 1 Renewals
Global property catastrophe reinsurance rates-on-line increased by 27.5% at the January 1, 2023 renewals, more than doubling the increase seen a year earlier.
Reinsurers Hike Rates by As Much As 200%
Reinsurers hike rates on key business lines by as much as 200% from Jan. 1.
Reinsurance Rates for Catastrophe Property Expected to Rise by 10%: Fitch
Reinsurance rates for property catastrophe business should rise by more than 10% when contracts are renewed in January 2023.
Carriers Face Challenging Reinsurance Market
Insurers are currently in negotiations with reinsurers, who are attempting to raise rates by 10% to 30%.
Reinsurance Rates to Rise in 2023: Fitch Ratings
Fitch Ratings analysts believe that reinsurance rates will continue to rise during the January 2023 renewals, even if there are no major catastrophe losses in the second half of the year. The agency notes that H1 global insured natural catastrophe losses were manageable for the insurance and reinsurance industry this year, at $34 billion, and… Continue reading Reinsurance Rates to Rise in 2023: Fitch Ratings
Reinsurance Rates May Rise Faster than Primary for Two Years: Goldman Sachs
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
Global Reinsurance Approaching Equilibrium: Willis Re 1st View
Reinsurance rate increases continued for most major lines and territories during the June 1 and July 1 renewal period; however, in many cases reinsurers had to accept firm order terms below their initial quotes. That indicates that the market is approaching equilibrium, according to the latest 1st View renewals report from Willis Re, the reinsurance… Continue reading Global Reinsurance Approaching Equilibrium: Willis Re 1st View
Reinsurance Rate Momentum to Continue into Jan 2022: Moody’s
Analysts at Moody’s have noted that the 2021 Atlantic hurricane season activity looks set to be “well above long-term historical averages,” which could result in continued pressure on reinsurance rates. According to forecasters, the combination of warmer than average sea surface temperatures in the tropical Atlantic Ocean and Caribbean Sea, weaker trade winds and an… Continue reading Reinsurance Rate Momentum to Continue into Jan 2022: Moody’s