reinsurance renewals News

Reinsurance Price Drop Seen Triggering Lower P/C Rates

A downward slide in reinsurance prices showed clear signs of accelerating in April contract renewals and is likely to feed through to property/casualty insurance prices before long, broker Willis said this week. Reinsurers have seen prices fall by up to …

Allianz Re CEO Ahmed Sees No Rebound in 2014 Reinsurance Rates

Property and casualty reinsurance rates, which fell in seven of the last 10 years, probably won’t rebound in 2014, the head of Allianz SE’s reinsurance arm said. “Last year’s catastrophe activity was very light — capital from traditional and alternative …

January P/C Reinsurance Renewals Flat or Up Slightly: Towers Watson

January 1 renewal rates for U.S. property/casualty reinsurance premiums showed firming with changes from -5 percent to +5 percent on an overall basis, with loss-affected property catastrophe business up considerably more. That’s according to reinsurance broker Towers Watson, which cites …

Florida Reinsurance Renewals Reflect Unsettled Market: Guy Carpenter

The Florida reinsurance renewals on June 1, 2011, experienced a wide range of outcomes, as substantial catastrophe losses combined with two major catastrophe model revisions over the past 16 months led to a volatile renewal season, according to reinsurance specialist …