reinsurance prices News

Analysts See 2020 Reinsurance Price Hikes Due to Catastrophes

Big insurance losses from hurricanes, wildfires and other natural disasters over the past two years are set to push reinsurance renewal rates higher in January, ratings agencies said. After falling for several years due to competition and fewer natural disasters, …

‘Resilient’ Bermuda Reinsurance Market Copes with U.S. Tax Reform, Catastrophes

Bermuda-based (re)insurers continue to be tested by challenging market conditions, including heightened catastrophic losses and diminishing competitive advantage resulting from U.S. tax reform. However, the Bermuda market “remains resilient given its strong global position, demonstrated underwriting expertise, robust and effective …

What’s Ahead for Reinsurance Industry in 2018: Fitch

The global reinsurance industry demonstrated resiliency following the record level of catastrophe losses in 2017, as very strong capitalization and effective risk management enabled the sector to absorb the multiple hits from Mother Nature and broadly maintain financial strength. Favorable …

Hurricanes Have Minor Effect as April Reinsurance Prices Stay Flat but Demand Grows

Reinsurance buyers were able to renew loss-free programs at broadly flat pricing levels during the April 1 renewals – continuing the trend seen at the January renewals, according to a Willis Re report. Pricing was dampened by the continued amounts …

Swiss Re Eyes Specialty Lines to Counter Reinsurance Slump

Swiss Re Ltd., the world’s No. 2 reinsurer, is cutting back on catastrophe coverage and moving into new lines of business as low interest rates and fewer natural disasters undercut prices. “The super profits from nat cat are probably over …

Brokers Say Reinsurance Prices under Pressure at Mid-year Renewals

Reinsurance prices fell by as much as 25 percent in key markets mid-year as pension funds poured in money and demand for cover from insurance companies remained subdued, brokers said on Tuesday. Reinsurers have been negotiating with insurance company clients …

Reinsurers to Lower Prices Following Weak Hurricane Season: Fitch

The quietest U.S. Atlantic hurricane season in decades will lead to a low double-digit fall in related catastrophe reinsurance pricing in the key 2014 renewals, according to experts at Fitch Ratings. The ratings agency said industry earnings in 2013 will …

New Capital Pushing Cat Reinsurance Prices Down 5-15%: Ace’s Greenberg

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 …

Hannover Re Sees Reinsurance Prices Rising Up to 8%

Hannover Re , the world’s third-biggest reinsurer, said it saw reinsurance prices rising by 3-8 percent next year, a brighter outlook than that of its two bigger rivals. “It is our expectation that the favourable trend in reinsurance premiums will …