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...
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...
AIG Europe’s Chief Executive Expects Slowdown in Insurance Rate Rises November 5, 2021 Insurance premium rates are likely to continue to climb in Europe, the Middle East and Africa in 2022, but probably...
Bermuda’s Tax Advantage for Re/Insurers to Be Cut With 15% Global Minimum Tax: Fitch October 22, 2021 Bermuda’s advantageous tax status for the re/insurance industry will be reduced at the margin with the expected passage of the...