Florida Property Reinsurance Premiums Rise by as Much as 50%: Gallagher Re July 1, 2022 Property reinsurance rates rose by as much as 50% in Florida at July 1 renewals and by up to 40%...
Midyear Prop-Catastrophe Reinsurance Capacity Down for 1st Time in Decades: Aon July 1, 2022 For the first time since the devastating U.S. hurricanes of 2004 and 2005, property-catastrophe capacity contracted during the June/July reinsurance...
Many Re/Insurance Buyers Are ‘Frustrated’ With Multiple Years of Price Rises January 5, 2022 By L.S. Howard Frustration is setting in for commercial insurance buyers subjected to multiple years of price rises, especially those that have improved...
COVID-19 Claims of $44B Are 3rd Largest Catastrophe Loss: Howden January 4, 2022 Insured losses of $44 billion from COVID-19 so far represent the third largest cost to insurers of any catastrophe, behind...
January Renewals ‘Orderly’ but Loss-Affected Programs Saw More Challenges: Carpenter January 3, 2022 The January 1 renewals saw “ample capacity” for many lines, although reinsurers adjusted their risk appetite and pricing “for certain...
Reinsurance Pricing Technology That Works During Hard and Soft Markets November 9, 2021 By L.S. Howard Sean Bourgeois, the chief executive officer of Tremor, often hears people say that his company’s reinsurance price optimization technology works...
Why Reinsurance Prices Are Wrong—and How to Fix Them November 9, 2021 By L.S. Howard Each reinsurance renewal season sees brokers feverishly chasing down the best premium prices in the market. Frequently, when the panel...