A new survey from Towers Watson confirms that more than half (55 percent) of property/casualty insurance chief financial officers believe the property reinsurance market is softer than the primary market, while about one-third (34 percent) deem that the same is …
Swiss Re expects natural catastrophe pricing rates to stabilize in 2014 after a decline this year, with demand for the cover doubling by 2020 in high-growth markets. The Swiss reinsurer, which helps insurers shoulder risks in exchange for part of …
Ace Ltd. Chief Executive Officer Evan Greenberg said the influx of Wall Street capital into the reinsurance industry is pressuring rates and that he is prepared to cut sales of backstop coverage. Prices for catastrophe reinsurance have declined about 5 …
