Reinsurance News

JP Morgan

Michael will not meaningfully impact reinsurance pricing: J.P. Morgan

16th October 2018

Analysts at J.P. Morgan have claimed that even a loss towards the upper end of the range of initial insured loss estimates for Hurricane Michael would be manageable for the property and casualty (P&C) industry and unlikely to meaningfully affect reinsurance prices. Catastrophe modellers currently put the range of insured losses ... Read the full article

Higher reinvestment yields net positive for European re/insurers: J.P. Morgan

10th October 2018

J.P. Morgan has updated its forecasts for European re/insurers to reflect higher reinvestment yields, which it considers to be a net positive despite offsetting factors such as higher inflation, higher claims and higher combined ratios linked to rising interest rates. The firm’s forecasts leave earnings largely unchanged for now, as it ... Read the full article

SCOR shares rise 19% as deal anticipation builds: J.P. Morgan

9th October 2018

SCOR shares have risen 19% since French insurance group Covéa first revealed its interest in acquiring the reinsurer, and are now approaching the €43 share price offered by Covéa’s initial €8.2 billion (US $9.6 billion) bid, according to J.P. Morgan. Analysts at the firm believe this continued strong price action ... Read the full article

Reinsurance pricing to decline at 1/1 renewals, says J.P. Morgan

3rd October 2018

Reinsurance pricing is set to decline at 1 January 2019 renewals in light of manageable catastrophe losses over the third quarter of 2018, as well as ongoing overcapitalisation and the robust appetite of alternative capital markets, according to analysts at J.P. Morgan. Commercial re/insurers and personal lines are likely to have ... Read the full article

Life reinsurance underappreciated by market: J.P. Morgan

5th September 2018

Analysts at J.P. Morgan believe that the life reinsurance business is underappreciated by the market and, due partly to restriction of competition by high entry barriers, consider its long-term growth outlook to be strong. The majority of premium and profit in life reinsurance is generated by in-force portfolios, resulting in a ... Read the full article

Berkshire Hathaway, Amazon & JP Morgan partner to address U.S. employee healthcare

30th January 2018

Warren Buffett's Berkshire Hathaway, Amazon, and JPMorgan Chase & Co. have announced a new partnership to address healthcare for their U.S. employees, designed to improve employee satisfaction and to lower costs. The partnership, which combines the knowledge and expertise of the three companies, will focus on its objective via an independent company ... Read the full article

Zurich, Allianz & Munich to gain from U.S. corporate tax cut: JP Morgan

16th January 2018

Zurich, Allianz, and Munich could see significant increases to net profit from the U.S. corporate tax rate cut from 35% to 20%, according to JP Morgan. Analysts estimate the potential uplift to net profit at 6-8% for Zurich - which has the largest U.S. exposure from U.S. subsidiaries - 5% for ... Read the full article

JP Morgan says pricing turn “inevitable”

15th November 2017

JP Morgan analysts expect upcoming price rises to be most acute in loss-hit contracts and capital-intensive businesses, but rate increases could also filter down to other specialty and commercial insurance markets after one of the most costly periods for natural catastrophes on record became a capital event for the global reinsurance industry. JP ... Read the full article

Earnings outlook to improve for Lloyd’s companies

15th November 2017

After Lloyd's companies were hit with incurring material losses in 2017, the earnings outlook for coming years has turned optimistic with price increases expected to benefit existing books of business and new opportunities arising from increased exposure. This will come as encouraging news to Lloyd's firms' after earnings have been hard hit ... Read the full article

Motor re/insurers set for disruption as autonomous vehicles gain popularity

23rd October 2017

Autonomous vehicles are likely to be a major disruptive force to motor re/insurers, bringing an expected reduction in the risk pool which would decrease motor premiums and downsize the motor insurance market over the long-term, according to J.P. Morgan analysts. In an assessment of the long-term implications of autonomous vehicles for ... Read the full article

Analysts’ thoughts on EU reinsurers’ use of cat budgets in Q4 vary

30th January 2017

JP Morgan analysts say European reinsurers' catastrophe budgets are unlikely to be fully used in the fourth-quarter of 2016, contradicting predictions from other analysts who believe big firms will use up or exceed their major catastrophe loss budgets for the period. JP Morgan said budgets would likely be unaffected because many of ... Read the full article