Reinsurance News
Berenberg
Berenberg sees 2025 reinsurance softening as more disciplined and sustainable
3rd November 2025
Berenberg analysts have suggested that the 2025 market softening stands apart from past soft cycles in its pace, discipline, starting point, and structural trends, potentially creating a more sustainable, risk-responsive environment, barring major loss shocks or behavioural shifts. "With reinsurance pricing coming off from the peak of 2024, many are haunted ... Read the full article
US Investors show strong interest in earnings growth and reinsurance discipline: Berenberg
24th October 2025
Berenberg, the German private bank and investment firm, met with 20 US investors last week to present insights on the insurance and reinsurance sectors, with the discussions primarily addressing market outlook, company performance, and sector valuation. Investors engaged with Berenberg on the outlook for reinsurance, exploring whether the market is experiencing ... Read the full article
Reinsurance brokers push for orderly margin shift to cedants: Berenberg
12th September 2025
Following the Monte Carlo Rendez-Vous, Berenberg, the German investment bank and equity research firm, emphasises that reinsurance brokers are pushing for an orderly transfer of margins from reinsurers to cedants. In its post-Monte Carlo report, Berenberg stresses that brokers are actively encouraging an orderly transfer of margins from reinsurers to cedants. With ... Read the full article
Reserve buffers from 2023–24 pricing still driving reinsurer profits: Berenberg
10th September 2025
While higher volumes, stronger investment income and diversification are helping offset the impact of softening prices, analysts at Berenberg believe another key driver of rising reported profits is reinsurers’ allocation of part of their strong underwriting results from the historically high pricing of 2023–24 into buffer reserves, which could slow ... Read the full article
Diversified reinsurers better positioned to weather softening market, says Berenberg
9th September 2025
At the Monte Carlo Rendez-Vous de Septembre on 8 September, Berenberg, the German investment bank and equity research firm, reported that large, diversified reinsurers are in a stronger position to navigate the current softening market than their less diversified peers. According to Berenberg, firms with exposure across multiple lines, including life ... Read the full article
Berenberg highlights potential for increased M&A activity among reinsurers amid slowing growth
5th August 2025
Berenberg, a European investment bank and asset manager, has noted that mergers and acquisitions (M&A) could become increasingly appealing to large reinsurers. This comes amid expectations that organic growth may slow due to rising competition in the sector. The suggestion is notable, given that M&A activity in the reinsurance industry has ... Read the full article
London market re/insurers confident in meeting full-year targets: Berenberg
11th July 2025
Re/insurers in the London market remain confident in achieving their full-year targets, supported by rational pricing, improving capital allocation, and investments in AI and private markets — despite ongoing economic and geopolitical uncertainty, according to equity analysts at Berenberg. The analysts shared their insights following meetings with a number of re/insurers ... Read the full article
Impact of Section 899 of US Tax Bill to be ‘relatively manageable’ for re/insurers: Berenberg
11th June 2025
The main risk of Section 899 of the US Tax Bill for European insurers and reinsurers relates to a tax on dividends from their US subsidiaries, however, the impact on earnings is expected to be relatively manageable, according to Berenberg. Section 899 of the US Tax Bill, passed by Congress on ... Read the full article
London market holds firm as reinsurance discipline shapes 2025 outlook: Berenberg
30th May 2025
Berenberg, a private bank and financial institution in Europe, has released new analysis highlighting a clear trend across the London insurance market: stronger pricing discipline is holding, driven by structural changes in the global reinsurance space. The shift follows a period of elevated natural catastrophe losses, which prompted a reassessment of ... Read the full article
Berenberg predicts ongoing rerating of insurers amid strong growth outlook
18th March 2025
Berenberg, a European investment bank known for its expertise in financial markets, has released a new report highlighting the changing outlook for the insurance sector. In a recent note, Berenberg suggests that insurers are now benefiting from a unique combination of strong cash flow, expanding technical margins, and sustainable top-line revenue ... Read the full article
Re/insurance pricing could firm after unexpected wildfire losses: Berenberg
15th January 2025
The severity of the ongoing California wildfires is expected to drive insurance industry losses of more than $20 billion, with some estimates even hitting or exceeding the $40 billion mark, which analysts at investment bank Berenberg believe could cause pricing to firm. In a recent note, Berenberg analysts focus on re/insurers ... Read the full article
California wildfires unlikely to materially affect reinsurers’ 2025 earnings: Berenberg
10th January 2025
Analysts at Berenberg believe the California wildfires are unlikely to result in a material impact on 2025 earnings for the reinsurers it covers. In a recent report, Berenberg highlighted three key reasons why the impact of the current wildfires on re/insurers is expected to be less severe than the 2018 Camp ... Read the full article
Berenberg analysts expect stable reinsurance pricing at Jan ’25 renewals
26th November 2024
Analysts at Berenberg have said that in light of the strong performance of the reinsurance sector in recent years and the fact there's no build up of excess capital, reinsurance pricing at the January 1st, 2025, renewals is expected to be stable. According to analysts, stability at 1.1 could drive an ... Read the full article
Rising mergers among German mutual insurers driven by cost pressures, says Berenberg
30th October 2024
An increasing number of German mutual insurers are merging, with a common trend toward greater diversification in business lines and increased scale amid sharply rising IT costs, according to Berenberg analysts. In 2024, four mergers have either been announced or completed among German mutual insurers: Barmenia with Gothaer, Ostangler Brandgilde with ... Read the full article
Berenberg expects SCOR to close 2024 with solid balance sheet
4th October 2024
French reinsurer SCOR is anticipated to close 2024 with a solid balance sheet, according to Berenberg analysts, who have upgraded the firm to Buy, citing numerous factors. The first reason for the upgrade is that the less severe Q3 2024 hurricane season has likely strengthened property and casualty (P&C) buffers. Next, analysts ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
