Property Catastrophe Reinsurers Show Greater Risk Appetites as Price Hikes Continue April 1, 2022 Reinsurers have boosted their 2022 probable maximum loss (PML) exposures as higher prices continues to attract more capital to property-catastrophe...
Global Insurance Losses From Russia-Ukraine War Could Range From $16B to $35B April 1, 2022 By L.S. Howard Global insurance losses from the Russia-Ukraine war could range from $16 billion to $35 billion, with reinsurers expected to assume...
Loss Experience Drives Prices During January Reinsurance Renewals: Fitch January 19, 2022 Loss-affected lines of business, such as property catastrophe in Europe, cyber or retrocession, continued to see significant price increases during...
Reinsurers’ 2022 Profit Outlook Better Than Primary Insurers: Fitch January 13, 2022 By Susanne Sclafane The trailing impacts of premium and loss trends on the books of property/casualty reinsurers makes the 2022 outlook for reinsurers...
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...
Rising Reinsurance Prices and Demand Help to Create Stable Sector Outlook: AM Best December 9, 2021 AM Best is maintaining a stable market segment outlook for the global reinsurance segment, citing in part the ongoing positive...
Property Catastrophe Reinsurance Renewal Rates to Rise by More Than 10%: Fitch December 7, 2021 Reinsurance rates are expected to increase by more than 10% in catastrophe-related lines of business when contracts are renewed in...
Big Europe Reinsurers See Strong 9M Earnings Despite High Natural Disaster Losses November 15, 2021 All four major European reinsurers reported a strong improvement in earnings for the nine months, compared to the same period...