Reinsurance News
Bloomberg Intelligence
European insurers set for acquisitions in 2025 amid market shifts: Bloomberg Intelligence
6th December 2024
A recent report from Bloomberg Intelligence (BI), the research division of Bloomberg, European general insurers' debt-to-equity ratios indicate that they have the financial capacity to pursue acquisitions in 2025. These acquisitions are expected to focus on strengthening existing market positions, much like the moves made by Generali and Sampo this year. This ... Read the full article
Reinsurers regain leverage as late storms drive up nat cat losses: Bloomberg
21st October 2024
With a series of late storms causing natural catastrophe losses to rise, pressure on reinsurers to cut pricing and offer more generous terms has eased, according to a new report from Bloomberg Intelligence (BI). As per Charles Graham, BI Senior Industry Analyst (Insurance), the insured cost of natural catastrophe losses may ... Read the full article
Cyber insurance demand to rise as new threats emerge, says Bloomberg Intelligence
7th October 2024
Bloomberg Intelligence reveals that demand for cyber insurance is set to grow amid a series of high-profile cyber attacks. Analysts noted that Beazley, the specialist cyber insurance provider, sees 18% compound annual growth for that cover in 2024-2030, while other major firms, such as Munich Re, Hiscox, Axis Capital, and Chubb, ... Read the full article
UK’s £1.1tn yields-boosted DB pensions should aid Aviva, L&G and Phoenix: Bloomberg Intelligence
3rd September 2024
The £1.1 trillion of UK defined-benefit (DB) pensions, boosted by yields, should benefit Aviva, Legal & General and Phoenix, which help firms offload pension obligations viewed as an unwelcome liability, Bloomberg Intelligence (BI) believes. Thanks to a sustained rise in AA corporate-bond yields, DB pensions in the UK have been well ... Read the full article
Bloomberg Intelligence highlights gap in reinsurers’ midyear renewals and catastrophe losses
9th August 2024
Reinsurance companies Munich Re and Swiss Re may benefit from higher reinsurance-policy retention, but a recent report from Bloomberg Intelligence (BI), the research division of Bloomberg L.P., suggests that current pricing does not fully account for the risks tied to rising sea temperatures during this hurricane season. BI notes that midyear ... Read the full article
Inflation, high costs, and need for rate increases key for European P&C: Bloomberg
5th July 2024
Analysts at Bloomberg Intelligence have cited inflation, high costs, and premium rates needing to rise as three key themes for the European property and casualty (P&C) sector in 2024. Claims inflation has characterized 2023 trading, and analysts expect it to be a feature of 2024, with insurers challenged to increase rates ... Read the full article
Bloomberg reports UK insurance market upheaval with Allianz and AXA rate increases
27th June 2024
The insurance market in the UK is experiencing significant upheaval as Allianz and AXA, two global insurers, implement substantial rate hikes, according to a recent report by Bloomberg Intelligence (BI), a provider of financial analysis and research. Compared to other European markets, the price increases for personal lines in the UK ... Read the full article
Bloomberg Intelligence warns insurers of black swan risk from solar space storms
5th June 2024
Bloomberg Intelligence, a research division of the financial media company Bloomberg LP, warns that major space storms could surpass the financial impact of events like Hurricane Katrina, with disruptions to radio communications, power grids, spacecraft, and satellite navigation, as the current solar cycle peaks in 2025. On May 10, the space ... Read the full article
European Insurers facing margin crush if premiums cannot be hiked, Bloomberg
13th May 2024
According to a new analysis by Bloomberg Intelligence, a sustainable margin recovery looks "increasingly challenging" for European insurers, with premiums needing to increase in real terms in order to prevent any erosion after a tripling of costs to 10.9% last year from 2022's 3.5%. BI noted that the bulk of expenses ... Read the full article
Insurers exiting high-risk areas as climate losses rise 360%: Bloomberg
14th March 2024
Bloomberg Intelligence (BI) has said that a 360% rise in insured losses in the past three decades from the increased frequency and intensity of natural disasters is causing insurers to "hike premiums and exit high-risk areas,". At the same time, transition risk associated with the assets backing these liabilities is said ... Read the full article
Bloomberg Intelligence forecasts continued dominance of alternative-reinsurance vehicles in 2024
22nd February 2024
Bloomberg Intelligence (BI) predicts that alternative-reinsurance vehicles will likely maintain their position as the primary source of new capacity in 2024, potentially impacting pricing dynamics in the reinsurance market, according to a recent report. In 2023, BI notes a negligible increase in balance-sheet reinsurance capacity, excluding Everest's capital raise, while catastrophe-bond ... Read the full article
Claims inflation likely to remain a pronounced feature in 2024: Bloomberg Intelligence
21st December 2023
Bloomberg Intelligence in its report, “Europe P&C Insurance Full-Year Outlook", has forecasted that claims inflation is likely to remain a pronounced feature in 2024, as it has been in 2023. The challenge that insurers face is not being able to increase rates enough to fully offset rising expenses, warns the analysis. ... Read the full article
UK auto and home insurers setback to continue into 2024: Bloomberg
18th October 2023
Bloomberg Intelligence states the UK auto and home insurers face rising claims inflation and regulation struggle will continue into 2024. Margins of UK auto-focused insurers such as Admiral and Direct Line have seen setbacks in H2 2023 and 2024, according to a new sector report by Bloomberg Intelligence. This is due to ... Read the full article
Third consecutive year of weather-event insurance claims exceeding $100bn: Bloomberg Intelligence
23rd August 2023
In a recently released insurance sector report, Bloomberg Intelligence has forecasted that 2023 is poised to mark the third consecutive year in which insured losses stemming from natural catastrophes will surpass $100 billion, primarily due to a surge in weather-related claims. The report highlights the increasing prevalence of secondary perils such ... Read the full article
Claims inflation to remain noticeable for the rest of 2023: Bloomberg Intelligence
12th July 2023
Claims inflation is expected to remain a highly noticeable feature for the rest of 2023, according to Bloomberg Intelligence’s new Europe P&C Insurance 2023 Outlook, with analysts believing that insurers will not be able to increase rates enough to fully offset rising expenses. According to analysts this situation has been building ... Read the full article
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