Reinsurers News

Loss Experience Drives Prices During January Reinsurance Renewals: Fitch

Loss-affected lines of business, such as property catastrophe in Europe, cyber or retrocession, continued to see significant price increases during the January 2022 reinsurance renewals, while loss-free lines of business attracted additional capital, which caused prices to stay stationary or …

Reinsurers’ 2022 Profit Outlook Better Than Primary Insurers: Fitch

The trailing impacts of premium and loss trends on the books of property/casualty reinsurers makes the 2022 outlook for reinsurers rosier than the profit outlook for primary insurers, a Fitch Rating analyst said. Longer term, a prolonged period of inflation …

Many Re/Insurance Buyers Are ‘Frustrated’ With Multiple Years of Price Rises

Frustration is setting in for commercial insurance buyers subjected to multiple years of price rises, especially those that have improved their risk profiles by de-risking and elevating risk management, according to a recent report published by Howden. And that frustration …

COVID-19 Claims of $44B Are 3rd Largest Catastrophe Loss: Howden

Insured losses of $44 billion from COVID-19 so far represent the third largest cost to insurers of any catastrophe, behind Hurricane Katrina and the 9/11 attacks, insurance broker Howden said on Tuesday. However, initial projections of $100 billion-plus for COVID-19 …

January Renewals ‘Orderly’ but Loss-Affected Programs Saw More Challenges: Carpenter

The January 1 renewals saw “ample capacity” for many lines, although reinsurers adjusted their risk appetite and pricing “for certain sectors in response to ongoing and emerging challenges,” according to a report from Guy Carpenter, the reinsurance unit of Marsh …

Rising Reinsurance Prices and Demand Help to Create Stable Sector Outlook: AM Best

AM Best is maintaining a stable market segment outlook for the global reinsurance segment, citing in part the ongoing positive pricing momentum driven by rising loss cost inflation, enhanced underwriting discipline, including tighter terms and conditions, and a growing demand …

Property Catastrophe Reinsurance Renewal Rates to Rise by More Than 10%: Fitch

Reinsurance rates are expected to increase by more than 10% in catastrophe-related lines of business when contracts are renewed in January 2022, which supports an improving sector outlook for 2022, according to Fitch Ratings. Typically, two-thirds of non-facultative reinsurance business …

Big Europe Reinsurers See Strong 9M Earnings Despite High Natural Disaster Losses

All four major European reinsurers reported a strong improvement in earnings for the nine months, compared to the same period last year, according to a report from Fitch Ratings. Sharply lower non-life, coronavirus-related claims, strong premium growth and resilient investment …

Reinsurance Pricing Technology That Works During Hard and Soft Markets

Sean Bourgeois, the chief executive officer of Tremor, often hears people say that his company’s reinsurance price optimization technology works best in a soft market, when there’s a lot of competition and everybody wants to be on programs. That’s incorrect, …

Why Reinsurance Prices Are Wrong—and How to Fix Them

Each reinsurance renewal season sees brokers feverishly chasing down the best premium prices in the market. Frequently, when the panel of reinsurers offer their submissions for a slice of treaty, the broker will discover that the treaty is oversubscribed and …