Reinsurance News
JMP Securities
Reinsurers are leaning into the cyber market: JMP
18th December 2024
Analysts at JMP report that reinsurers are increasingly leaning into the cyber market, a move expected to drive better pricing, and terms and conditions for cedants at the January 1 renewals, building on trends observed at recent renewals. This assessment follows JMP's recent meetings with insurers, reinsurers, and brokers in London, ... Read the full article
Property reinsurance pricing likely to come under pressure at 1.1: JMP Securities
17th December 2024
As the reinsurance industry draws close to a second year of strong profitability at near/historic highs, pricing is very likely to come under pressure at the upcoming January 1st renewals for property reinsurance rates, according to JMP Securities. After recently meeting with insurers, reinsurers, and brokers in London, ahead of the ... Read the full article
JMP points to misunderstood 10-Q as catalyst for Skyward stock decline
13th August 2024
Analysts at JMP have described the recent selloff in Skyward Specialty Insurance shares as "overdone", attributing it largely to a misinterpretation of details in the company's 10-Q disclosure. This misunderstanding, they argue, has created an attractive buying opportunity for long-term investors. In its Q2 results, Skyward reported a rise of ... Read the full article
Significant cat activity and casualty loss reserves to mark Q2 2024: JMP Securities
17th July 2024
Insurer results for the second quarter of 2024 are expected to be highlighted by an elevated level of catastrophes, ongoing concerns around casualty loss reserves, and negligible mark-to-market impacts on investment portfolios, JMP Securities has commented. This year’s second quarter has seen significant catastrophe activity, with severe convective storms (SCS) throughout ... Read the full article
Orderly June Florida reinsurance renewal leads to price declines: JMP
3rd June 2024
JMP Securities, an investment bank and brokerage firm, reports that the June 1 Florida reinsurance renewal proceeded smoothly, with increased supply largely matching the higher demand, leading to an overall expectation of single-digit price declines. In contrast to the Florida-focused June 1 renewal last year, this year's process unfolded earlier and ... Read the full article
Strong returns to persist for reinsurers amid T&C changes: JMP
16th April 2024
Analysts at JMP Securities report that while the property catastrophe reinsurance market is attracting more capital, recent significant changes in terms and conditions are expected to sustain strong returns despite anticipated minor price reductions. The firm highlights that the 2023 property reinsurance renewal experienced the most substantial shifts in pricing and ... Read the full article
JMP Securities anticipates positive Q4’23 results in insurance, cautions on casualty reserves
19th January 2024
In the upcoming 4Q23 results for the insurance sector, JMP Securities anticipates positive outcomes driven by robust mark-to-market tailwinds on investment portfolios and minimal catastrophe losses. The focus, however, remains on forward-looking factors, including loss cost inflation, casualty reserve stress, primary pricing sustainability, and ongoing market disruptions in personal lines. Catastrophe activity ... Read the full article
Reinsurers remain “firmly in control” ahead of Jan renewals: JMP Securities
22nd December 2023
Providing insight from meetings with prominent re/insurance players ahead of the January renewals, analysts from JMP Securities said it "quickly became clear" that this year’s renewal is much more orderly than the "significantly dislocated" renewal a year ago. JMP's analysts explained that increased demand for property coverage is largely being met by ... Read the full article
January renewals likely to be orderly: JMP Securities
21st September 2023
With the property hard market firmly intact, the upcoming January 1st renewal is set to be much more orderly than last year, said JMP Securities analysts as they share their comments following the RVS 2023 in Monte Carlo. “Overall, we see the upcoming renewal as being highly orderly, with price movements ... Read the full article
Property cat reinsurance conditions at peak, primary market shows promise: JMP Securities
23rd May 2023
Property catastrophe reinsurance market conditions reach peak, presenting advantageous prospects for reinsurers, according to JMP Securities' analysis. The upcoming June 1 renewal season, particularly focused on Florida, is anticipated to yield positive outcomes. Assuming a season with minimal to moderate catastrophe losses, reinsurance Return on Equity (ROE) is expected to be robust. ... Read the full article
Florida renewal sees orderly process and price increases, driven by recent reforms: JMP Securities
22nd May 2023
The Florida insurance market is poised to experience a marked contrast during its June 1 renewal, characterised by an early and orderly process, according to JMP Securities. However, the renewal will also bring significant price increases as the market seeks to stabilise and address ongoing challenges, the report noted. Industry experts ... Read the full article
Reinsurance trickle-down to re-accelerate property rates: JMP
24th April 2023
Analysts at JMP Securities report that property-exposed primary insurance lines are likely to see rates re-accelerate over the coming months as the impact of higher reinsurance pricing trickles down. Reflecting on the first quarter of 2023, JMP noted that industry results will likely present a “complex picture”as mark-to-market investment gains will ... Read the full article
Reinsurers “firmly in control” of terms at renewal: JMP
20th January 2023
Analysts at JMP Securities have concluded that reinsurers are “firmly in control” of pricing and terms following the January 1 renewal period, with favourable conditions likely to remain in place beyond 2023. JMP made this assessment of the market following meetings with insurers, reinsurers, and brokers around 1/1, when it became ... Read the full article
Property a market where reinsurers are firmly in control: JMP Securities
22nd December 2022
Following conversations with re/insurers and brokers in London ahead of the January renewals, analysts at JMP Securities have suggested the property market feels like a market where the reinsurers are firmly in control, and that this likely has legs beyond just the 2023 renewals. According to the analysts, through the discussions, ... Read the full article
Reinsurance on cusp of true hard market: JMP
16th September 2022
Analysts at JMP Securities have reported that the property reinsurance market maybe be “on the cusp” of a truly hard pricing environment, ahead of the January 1 renewals. Following its discussion at the Rendez-Vous de Septembre event in Monte Carlo this year, JMP concluded that the reinsurance sector is clearly in ... Read the full article
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