Reinsurers Average 12.1% Premium Growth for Full-Year 2022: Gallagher Re March 24, 2023 Reinsurers’ premium growth averaged 12.1% for full-year 2022 and 10.2% for the fourth quarter, which was driven by improved pricing...
Global Reinsurers to Bear Bulk of Losses From Turkey-Syria Earthquake: Fitch February 9, 2023 Most insurance payouts due to the earthquake that hit Turkey and Syria ultimately will be borne by global reinsurers, according...
Rising Costs of Secondary Perils Force Reinsurers to Require Higher Attachment Points January 31, 2023 By L.S. Howard Economic and insured losses from secondary perils from natural catastrophes are accelerating and surpassing the loss totals from primary perils,...
S&P Predicts Reinsurers Will Continue Pricing Momentum During 2023 January 30, 2023 A hard market in short-tail lines – such as property and property catastrophe – across global geographies is likely to...
No Class of 2023: Why Capital Is Sitting on the Reinsurance Sidelines January 25, 2023 By Susanne Sclafane Until investors can be convinced that property-catastrophe reinsurance pricing has caught up with recurring event losses, they’ll continue to sit...
Climate Is Forcing the Most Risk-Aware Industry to Reinvent Itself January 25, 2023 By Akshat Rathi When it comes to climate impacts, the frontline of the finance industry is insurance. Last year’s payout from damages caused...
Jan. 1 Renewals: ‘They Got Done’; Carrier Overreliance on Reinsurers Corrected January 24, 2023 By Susanne Sclafane When an AM Best analyst said, “Apparently, things didn’t go that bad” to describe 1/1 reinsurance renewals, he wasn’t actually...
Black Sea Shipping Costs Rise on Higher War Risk Insurance, Reinsurer Exclusions January 6, 2023 By Jonathan Saul Costs for hiring ships to transport commodities from the Black Sea have risen by more than a fifth since the...
January Renewals See Hardest Property Catastrophe Reinsurance Rates in Generation January 4, 2023 By L.S. Howard A convergence of global events has led to the hardest property-catastrophe reinsurance market in a generation and a “complex,” “grueling”...
Ship Insurers’ Exodus From Russia-Ukraine Risks Gathers Momentum December 29, 2022 By Alex Longley and Alaric Nightingale A host of shipping insurers altered their policies for 2023 to exclude claims linked to Russia’s war in Ukraine, a...