increased competition News

Tough Competition Could Pressure Global Reinsurers Ratings: S&P Report

Standard & Poor’s Ratings Services announced that it will publish its annual “Global Reinsurance Highlights” to coincide with the 2014 Reinsurance Rendezvous in September. The report “will provide a detailed perspective on the market, focusing on the competitive pressures that …

Best’s Report Sees M&A Activity for P/C & Reinsurance Focused on Diversification

A report from A.M. Best concludes that “global merger and acquisition (M&A) activity in the property/casualty (P/C) and reinsurance industries continued at a steady pace in the first half of 2014.” Best said that, based on its research “35 P/C …

Hiscox Writes Less Reinsurance as Competition Hurts Pricing

Hiscox Ltd. Chairman Robert Childs said the Lloyd’s of London insurer is writing less “big ticket” reinsurance as excess capital pushes rates lower. The second-largest Lloyd’s insurer by market value reported a 22 percent drop in gross written premiums at …

Best Reports: Reinsurance Capacity Keeps Growing, Despite Low Yield, Competition

“A return to an underwriting profit in 2012 enabled the global reinsurance market to continue its growth trajectory despite significant challenges,” according to a new special report by A.M. Best Co. Best cited “deterioration in investment yields” as appearing to …