reinsurance market News

A.M. Best Calculates P/C Insurers’ Underwriting Loss for 2017

Rating agency A.M. Best expects the U.S. property/casualty insurance industry to post a second consecutive underwriting loss in 2017, driven mainly by catastrophe losses. The expected net underwriting loss for 2017 of $29.3 billion — which follows a $6.5 billion …

Reinsurers Welcome Rate Stabilization: S&P-PwC Bermuda Reinsurance Forum

North American reinsurers may soon see some rate stabilization after a prolonged period of declining premium rates, as they deal with a supply-demand imbalance that has weighed on returns, according to executives at the 2016 Bermuda Reinsurance Conference co-hosted by …

Conn. Urges Feds Not to Preempt States on Reducing Foreign Re Collateral

Connecticut Gov. Dannel P. Malloy, a vocal proponent of state-based insurance regulation in the U.S., sent a letter to U.S. Treasury Secretary Jack Lew and U.S. Trade Representative Michael Froman, urging them not to preempt states’ regulations in reducing collateral …

Aon Benfield 2015 Reinsurance Outlook Notes ‘Financial Security’ Strength

The roller coaster ride engendered by the entry of large amounts of alternative capital into the reinsurance market – originally seen as a threat – has turned out to be a major factor in strengthening the capital available to reinsurers …

‘Worst Market in Memory’ to Keep Pressure on Reinsurance Rates

The worst reinsurance market in memory looks set to carry into 2015, industry executives said. An absence of costly disasters and increasing competition from new entrants dragged on prices this year, and reinsurers may struggle to halt the slide when …

Aon Benfield Analytics Releases Report on Lloyd’s

Aon Benfield Analytics’ Market Analysis team has launched its latest Lloyd’s Update report, covering the market’s business position in 2014, strategy over the next three years and financial results in 2013. The “key findings” in the report include the following: …