Reinsurance News
Jefferies
$100bn+ loss event required to materially alter reinsurance pricing: Jefferies
11th June 2026
Analysts at Jefferies have suggested a major loss event exceeding $100 billion would likely be required to materially alter reinsurance market conditions, following a 15–20% decline in property catastrophe pricing at the June renewals. According to a new report from the firm, early forecasts point to a below-average hurricane season this ... Read the full article
Tesla’s FSD insurance could pose competitive risk to Lemonade: Jefferies
20th March 2026
Tesla Insurance’s Full Self-Driving (FSD) pricing poses a potential competitive risk to Lemonade’s auto insurance ambitions as its model scales, with pricing based on how the car performs in FSD through its Safety Score, potentially offering better rates, according to analysts at Jefferies. Recent filings show Tesla has eliminated standalone discounts ... Read the full article
AI deployment in early stages, underwriters cautious on data centre opportunity, say analysts
5th March 2026
At the 2026 Association of Insurance and Financial Analysts (AIFA) conference, Autonomous analysts noted that AI adoption in insurance is still in its early stages, and also highlighted the strong interest in data centres, though underwriters remain cautious about aggregation exposure, limiting near-term growth potential. During the conference, analysts from Jefferies, ... Read the full article
Global property cat rate declines below consensus at 1.1 renewals: Jefferies
14th January 2026
The reinsurance investor community were bracing for average reinsurance rates for Global Property Catastrophe Reinsurance to drop between -15% and -20% at the January 1st renewals, a more pessimistic result to the estimated -12% to -15% reported by broking groups, according to a recent report by Jefferies. This downturn in pricing ... Read the full article
Bermuda tax credits could materially lower re/insurer tax bills: Jefferies
12th January 2026
According to analysts at Jefferies, Bermuda’s newly enacted tax credits regime could materially reduce the corporate tax burden for island-based re/insurers, with potential near-term accounting impacts and longer-term implications for earnings forecasts. For those unaware, the Bermuda Tax Credits Act, enacted on December 11, 2025, has introduced tax credits linked to ... Read the full article
Jefferies flags further property pricing deterioration after mild hurricane season
17th December 2025
In a new report, Jefferies analysts have warned that risk-adjusted pricing is set to deteriorate further, with a benign hurricane season potentially triggering 10–15% declines. According to the analysts, property risk-adjusted rates turned negative at the 1/1/2025 renewals, with reinsurance brokers/carriers mostly citing mid-single-digit decreases worsening to ~5-10% at 2025 mid-year ... Read the full article
Hildene Capital Management to acquire SILAC for $550m
8th December 2025
Hildene Capital Management, LLC, a credit-focused alternative asset manager, has signed a definitive agreement to acquire SILAC, Inc., the parent company of SILAC Insurance Company. Founded in 1935, SILAC provides fixed and fixed indexed annuity products in the U.S. Headquartered in Carmel, Indiana, the company operates across 48 states and the ... Read the full article
Global insured cat losses could reach $90bn in H1’25, second-highest on record: Jefferies
14th July 2025
Global insured catastrophe losses in H1 2025 could reach as high as $90 billion, according to Jefferies, making it the second-highest first-half total on record. This projected figure sharply exceeds both the $58 billion recorded in H1 2024 and the five-year average of $55 billion. The elevated losses were driven primarily ... Read the full article
Milton likely an earnings event as losses appear more modest than feared: Jefferies
11th October 2024
With Hurricane Milton's insured losses likely to be more modest than initially feared, the equity analyst team at Jefferies has suggested that it will probably be a large earnings event and is not expected to drive up property reinsurance rates in 2025. "With the path and strength of the storm less ... Read the full article
Large insured losses from Milton could lead to extended hard market for property cat reinsurance, Jefferies
8th October 2024
Large insurance industry losses from major hurricane Milton's eventual impacts in Florida could potentially lead to an extended hard market for property cat reinsurance, according to Jefferies. Analysts explained that should the hard market extend, it will alleviate recent concerns that the upcoming January renewals would show softening, and likely wind ... Read the full article
Munich Re management feels soft market is unlikely in near-term: Jefferies
7th October 2024
Munich Re believes that a soft market is not likely to happen in the near-term, the reinsurer’s management shared with Jefferies in a recent meeting. According to analysts, in Munich Re’s view, “it takes a globally material reinsurer (i.e. the top five reinsurers) to start the process, and that once started, ... Read the full article
Jefferies predicts strong growth in ILS market, doubling to $200bn 2032
1st October 2024
Jefferies, a global investment banking firm, forecasts a significant rebound in the Insurance-Linked Securities (ILS) market, with CAT bond issuance expected to grow in 2023-2024 and expand into other ILS vehicles by 2025. The firm anticipates the ILS market could double from approximately $100 billion to $200 billion by 2032. This growth ... Read the full article
Attractive pricing levels, positive sentiment for property cat reinsurance into 2025: Jefferies
29th May 2024
There is a positive sentiment for property-catastrophe reinsurance heading into 2025, with pricing at very attractive levels, a factor that should continue to benefit UK specialty re/insurers, analysts at Jefferies concluded following recent meetings with global insurers, reinsurers and ILS managers in Bermuda. “Property-catastrophe market remains attractive. Our overarching takeaway from ... Read the full article
Jefferies highlights implications of weight loss drug GLP-1 on re/insurance sector
29th September 2023
In Jefferies' recent "Assessing the Wider Implications of a Slimmer Society" report, the firm's analysts underlined some of the key ways in which Glucagon-like peptide-1 receptor agonists (or GLP-1s) could affect the re/insurance sector. According to the analysts, GLP-1s were originally approved for use in 2005 as a treatment for Type ... Read the full article
UK motor insurance premiums increase 5.9% in July, now +53% higher YoY: Jefferies
31st August 2023
UK motor insurance premiums were 5.9% higher in July month-over-month, and the market now looks to be in a pricing surplus, relative to pre-pandemic margins. Jefferies' UK motor insurance tracker shows that premiums are also now +53% higher YoY. Following another month that witnessed strong rate increases in UK motor insurance premiums, ... Read the full article
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