renewals News

Reinsurance Capacity Still Outpaces Demand Growth: Aon Benfield

Capacity continues to outpace the growth of reinsurance demand despite insurers’ continued efforts to optimize their view of reinsurance as capital and expand into growing lines of business and innovation, according to a report published by Aon Benfield. The report …

Is Soft Market Bottoming? A.M. Best Points to Some Promising Signs

Some observers believe the bottom of the reinsurance market may be in sight because brokers are having greater difficulty filling out underpriced programs and further concessions in terms are difficult to obtain, according to a report published by A.M. Best. …

Decline in Reinsurance Prices Slowed at January Renewal: Carpenter

Reinsurance pricing continued trending downward at the Jan. 1, 2017 renewal — across most classes of business and geographies, but the pace of that decline is slowing, according to Guy Carpenter & Co. Although several sectors experienced increased loss activity, …

Reinsurers Can Expect Another Difficult Year, Seeking Price Stabilization: Willis Re

Despite a 50 percent increase in insured losses from natural catastrophes during 2016, the global reinsurance industry achieved profitable results for the third quarter and remains on track to close out another profitable full year, according to a report published …

Costly Tianjin Blasts Have No Effect on Marine Reinsurance Prices: Carpenter

Reinsurance rates in the marine sector continued to fall at the start of the year, in spite of the huge cost of explosions at China’s Tianjin port last August, reinsurance broker Guy Carpenter said on Thursday. Rising competition to offer …

Capital Stabilizes, Prices Keep Softening During Jan. 1 Renewals: Guy Carpenter

Reinsurance capital levels stabilized during the Jan. 1, 2016 renewals – showing no growth for the first time in several years – and prices continued to soften, according to Guy Carpenter & Co.’s global January renewal report. The scarcity of …

Midyear Renewals Show Early Signs of Price Stabilization: JLT Re Report

Downward pricing pressures eased during the June 1 and July 1 renewals – the first time since January 2013 – which suggests that a reinsurance pricing floor is not far away, according to a report published by JLT Re. “Although …

Price Declines Slow on June U.S. Reinsurance Renewals: Guy Carpenter

After two years of price decreases averaging 15 percent on U.S. property catastrophe placements, risk-adjusted pricing moderated at the most recent June renewals. Reinsurance broker Guy Carpenter & Co. reported that the price declines are averaging in the high single …

Hannover Re’s Q1 Net Income Increases 20.1% to $311.8 Million

During the first quarter, Hannover Re generated net income of 279.7 million euros ($311.8 million), a 20.1 percent increase over the 233.0 million euros ($260 million) reported for the same period last year. “The fact that we were able to …

Renewals See Lower Pricing, Broader Coverage, Reports Guy Carpenter

Guy Carpenter & Company reports reinsurance pricing fell at the January 1, 2015 renewals in many segments, affecting almost all lines of business and geographies, continuing recent renewal trends. According to Guy Carpenter’s 2015 global renewals report, entitled “Shaping the …