Top International Insurance Journal Stories of 2023 December 29, 2023 By L.S. Howard Yes, another year has flown by, and it’s once again time for the top international Insurance Journal stories of 2023....
‘Hard But More Manageable’ Jan. 1 Renewals; Little Relief on Retentions September 22, 2023 By Susanne Sclafane The hard reinsurance market in property-catastrophe reinsurance isn’t coming to an end at Jan. 1, 2024, but reinsurers are likely...
Appetite for Cat Exposures Returns; Reinsurers Stay Disciplined in Mid-Year Renewals July 6, 2023 By L.S. Howard Capacity was more readily available during the mid-year renewals, which brokers described as “orderly,” in comparison to the turbulent January...
Reinsurers Maintain Their ‘Heightened Risk Aversion’ During June 1 Renewals: Report June 2, 2023 Reinsurance rates continued to harden during the June 1 renewals, with risk-adjusted property-catastrophe pricing up 33% on average, according to...
Client, Reinsurer Expectations Were Better Aligned at April Renewals: Swiss Re May 9, 2023 While the January reinsurance renewals proved to be the toughest and most gruelling for decades, the April 1 renewals, driven...
S&P Predicts Reinsurers Will Continue Pricing Momentum During 2023 January 30, 2023 A hard market in short-tail lines – such as property and property catastrophe – across global geographies is likely to...
January Reinsurance Renewals Were Most Challenging in 2 Decades: MMC’s Doyle January 27, 2023 By L.S. Howard The most challenging January reinsurance renewals in nearly two decades saw global property catastrophe rate increases of 25% to 60%...
No Class of 2023: Why Capital Is Sitting on the Reinsurance Sidelines January 25, 2023 By Susanne Sclafane Until investors can be convinced that property-catastrophe reinsurance pricing has caught up with recurring event losses, they’ll continue to sit...
Jan. 1 Renewals: ‘They Got Done’; Carrier Overreliance on Reinsurers Corrected January 24, 2023 By Susanne Sclafane When an AM Best analyst said, “Apparently, things didn’t go that bad” to describe 1/1 reinsurance renewals, he wasn’t actually...
It’s Not Over: Tough Times to Persist for Reinsurance January 20, 2023 Repeating words like “frustrated” and “disappointed,” which also punctuated earlier reinsurance broker reports on the Jan. 1 reinsurance renewals to...