Reinsurance News
BMO Capital Markets
MGA market share gains accelerate to ~7% in 2025: BMO Capital Markets
16th March 2026
The MGA space accelerated its P&C market share in 2025 to approximately 7%, with the overall MGA market growing 19% to ~$94 billion—a modest deceleration from the 21% growth reported in 2024, according to analysts at BMO Capital Markets. Analysts noted that the deceleration was more pronounced when excluding crop insurance, ... Read the full article
Analysts flag broker selloff as ‘overdone’ following OpenAI insurance app approval
10th February 2026
Following an insurance broker selloff earlier this week, widely attributed to our report that OpenAI approved the first AI app from an insurance provider on ChatGPT, several analyst firms weighed in on the roughly 9% average decline in the stock price. Many described the drop as “overdone” or an “overreaction”, with ... Read the full article
Social Inflation is not going away in 2025 for most insurers, says BMO
2nd April 2025
According to a recent report from BMO Capital Markets, social inflation is expected to persist for most insurers in 2025, marking the third consecutive year requiring additional reserves. BMO anticipates additional speed-bumps in 2025 due to lawsuit inflation trend lines moving well past 10% levels. The report suggests that for about 33% ... Read the full article
BMO warns of potential $75bn+ in insured losses if Milton strikes Tampa as a major hurricane
8th October 2024
A new report from BMO Capital Markets discussing Hurricane Milton's potential impact has noted that a direct hit on Tampa at a Category 3-5 level could result in insured losses exceeding $75 billion. For those unaware, Milton is currently a powerful category 4 hurricane, with maximum sustained winds near 155 mph. Despite ... Read the full article
Allstate’s Q2 cat losses could hit $2.65bn, as per BMO analysts
19th June 2024
Analysts at BMO Capital Markets have estimated that insurer Allstate Corporation will see Q2 2024 catastrophe losses of around $2.65 billion, of which $2.15 billion is made up from May to June. If you recall, the US primary insurer disclosed in May that its estimated catastrophe losses for April amounted ... Read the full article
BMO Capital Markets reports unfavourable inflation and reserving trends
14th May 2024
In a recent report from BMO Capital Markets, analysts suggest that companies are coming to the realisation that more recent 2020-2023 vintages are also slightly under-reserved, similar to older 2019 and prior vintages. The report highlights that recent vintages also require a higher inflationary trendline factor; similar to business written during ... Read the full article
Property cat reinsurance pricing power to fall 5-10% at mid-year renewals
5th March 2024
As per a report from analysts at BMO Capital Markets, a prominent reinsurance broking executive from Howden Tiger has suggested property-catastrophe reinsurance pricing power will fall 5-10% at mid-year contract renewals. The comments from the Howden Tiger executive were reportedly made at the Association of Insurance and Financial Analysts (AIFA) conference, ... Read the full article
P&C re/insurance markets brace for modest adjustments in 2024: BMO Capital Markets
15th December 2023
In a recent report from BMO Capital Markets, analysts suggest that the property-catastrophe re-insurance market is poised for low-single-digit increases in pricing come January 2024. The analysis points to a confluence of factors contributing to this trend, including billions of dollars in new demand, sustained population growth along coastal areas, double-digit ... Read the full article
Bermuda government likely to pass “generational” tax legislation this week
13th December 2023
As per analysts from BMO Capital Markets, tax-related legislation, which is likely to be passed by the Bermudian government this week, "will push GAAP corporate income tax rates materially higher." Analysts at BMO said that this is a "once in a generation" tax code change, with headline income tax rates that ... Read the full article
Lemonade faces uphill battle as profitability remains elusive: BMO Capital Markets
29th September 2023
In a recent analyst report by BMO Capital Markets, Lemonade, the innovative insurtech company, has found itself in a precarious financial position, with its profitability prospects looking increasingly distant. The report highlights several key factors contributing to Lemonade's challenges, including its significant cash burn rate, rising reinsurance costs, and supply constraints ... Read the full article
Higher reinsurance costs will take several years to get fully passed through: BMO Capital Markets
19th September 2023
Analysts at BMO Capital Markets have said that it will take some years for the elevated cost of reinsurance coverage to get fully passed through by primary insurers, if they are even fully passed through. BMO Capital Markets explains that underlying property-replacement cost inflation has already been running at between 6% ... Read the full article
Commissioner Lara outlines “next steps for sustainability” in California market
14th September 2023
"In California, our ongoing partnership with the Governor and Legislature to improve conditions for the consumers, homeowners, and businesses that make up our insurance marketplace is critical to crafting lasting solutions," suggests the state's Insurance Commissioner Ricardo Lara. These comments come as part of a statement in which Lara discussed the ... Read the full article
P&C insurers face increased cat losses in Q2, reinsurers find relief: BMO Capital Markets
14th July 2023
Property and casualty insurers have witnessed a rise in catastrophe losses during the second quarter, while reinsurers have experienced a decrease as they move away from frequency risks, according to analysts at BMO Capital Markets. "... reRead the full article
Further reinsurance pricing-power increases expected at mid-year FL renewals
24th May 2023
Analysts at BMO Capital Markets anticipate +30-40% reinsurance pricing-power increases at the mid-year Florida renewals, compared to reinsurance pricing of +28-38% at Jan 1. According to BMO's analysts, Terms & Conditions remain "as tight as can be", meaning reinsurers will be "on the hook" for meaningfully less market share of overall ... Read the full article
BMO Capital Markets appoints Zaremski as Senior Equity Research Analyst
24th June 2022
Michael Zaremski is to become a new Senior Equity Research Analyst, Managing Director at BMO Capital Markets. Zaremski made the announcement on LinkedIn and said that he was excited to share that he’s joined an exceptional group of colleagues at BMO Capital Markets. Zaremski is a well known and highly respected analyst ... 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.
