Reinsurance News
KBW
KBW raises LA wildfire insured loss scenarios to between $25bn and $40bn
14th January 2025
With the Palisades Fire now covering more than 23,000 acres and just 14% contained, and the Eaton Fire covering over 14,000 acres and 33% contained, according to California’s Department of Foresty and Fire Protection, analysts at KBW have raised their insured loss scenario estimate range for the Los Angeles wildfires ... Read the full article
KBW remains confident in Bermuda’s reinsurance outlook despite tax uncertainty
20th December 2024
Despite some near-term uncertainties surrounding tax regulations, Keefe, Bruyette & Woods analysts remain optimistic about the Bermuda reinsurance market and maintain their outperform ratings on several leading reinsurers. This conclusion was achieved following the semi-annual Bermuda Tour, where KBW analysts met with reinsurance executives to discuss market conditions and outlook. From their ... Read the full article
P&C pricing growth to slow and sustained strong cat reinsurance profitability expected in 2025: KBW
18th December 2024
KBW predicts a mixed outlook for the Property & Casualty (P&C) insurance sector in 2025. While pricing growth is expected to slow overall, with declines in commercial property and reinsurance rates, commercial casualty lines should see modest acceleration. Personal auto insurance rates will likely decelerate rapidly, while homeowners insurance rates increases ... Read the full article
Hurricane Milton may drive up property cat reinsurance prices: KBW
10th October 2024
Hurricane Milton can still drive property catastrophe reinsurance prices higher at January 1 renewals, but perhaps only at a low pace, analysts at Keefe, Bruyette & Woods (KBW) suggest. Late last night Hurricane Milton made landfall as a Category 3 hurricane in Siesta Key near Sarasota, about 70 miles south of ... Read the full article
Material reinsured hurricane Milton losses could change trajectory of pricing at Jan renewals: KBW
7th October 2024
Despite noting the considerable uncertainty around Hurricane Milton's path and landfall location, analysts at KBW have suggested that possible reinsured losses from the event could drive property catastrophe reinsurance rates up at the January 1, 2025 renewals. With the National Hurricane Center (NHC) currently projecting that Milton will make landfall on ... Read the full article
Re/insurers are implementing improving tech tools to identify emerging future casualty cat perils: KBW
19th September 2024
Following meetings with executives at the recently held 2024 Rendez-Vous de Septembre (RVS) in Monte Carlo, KBW has reported that re/insurers are increasingly implementing steadily improving technological tools to identify emerging or future casualty catastrophe perils. Analysts noted that associated insured loss estimates remain very high. As an example, Praedicat, the casualty ... Read the full article
Reinsurers remain “positively disposed” towards most specialty lines: KBW
16th September 2024
Following meetings with executives at the recently held 2024 Rendez-Vous de Septembre (RVS) in Monte Carlo, analysts at KBW have reported that reinsurers remain positively disposed toward most specialty lines, which primarily reflects the rate adequacy achieved in the aftermath of Russia’s invasion of Ukraine. Analysts also noted that reinsurers remain ... Read the full article
Bermudian reinsurers forecast modest property cat rate decreases at 1.1 renewals: KBW
13th September 2024
With both supply and demand for reinsurance coverage on the rise, Bermudian reinsurers expect property catastrophe reinsurance rates to be flat to mid-single-digit risk-adjusted decreases at the January 1st, 2025 renewals, according to analysts at KBW. Following meetings with 20 companies at the recent 2024 Reinsurance Rendezvous, KBW analysts noted that ... Read the full article
Florida property cat reinsurance rates expected to be flat to down at June 1: KBW
23rd May 2024
As per analysts from KBW, most of the re/insurance executives that the firm met in this week’s Bermuda Tour expect the Florida-heavy June 1 property catastrophe reinsurance renewals to reflect overall y/y risk-adjusted rate changes in the “flat to down 5%” range. KBW's analysts noted that several executives reported modest improvement ... Read the full article
P&C execs optimistic about earnings outlook: KBW
7th March 2024
In Keefe, Bruyette & Woods, Inc, (KBW) recent analysis of the 2024 Association of Insurance and Financial Analysts (AIFA) conference, they found that management teams across virtually all Property & Casualty (P&C) sub-sectors are appropriately optimistic about their earnings outlook. KBW highlights that brokers are optimistic about their growth prospects, stating, ... Read the full article
Reinsurance execs remain very optimistic about property cat conditions: KBW
6th March 2024
Providing insight from the Association of Insurance and Financial Analysts (AIFA) conference 2024, analysts at KBW have noted that reinsurance executives remain very optimistic about the returns embedded in property catastrophe pricing, terms, and conditions. "The only real concession to cedents so far has been a few contracts covering strikes, riots, ... Read the full article
Positive growth and resilience in Q3’23 domestic P&C insurance industry: KBW
10th January 2024
In the third quarter of 2023, the domestic Property and Casualty (P&C) insurance industry demonstrated robust growth, with direct written premiums expanding by 9.8%, according to a KBW report. This growth surpassed the pace of the previous quarter (9.2%) and the first quarter (8.4%), reflecting persistent rate increases in personal and ... Read the full article
1.1 reinsurance renewal points to strong 2024 earnings: KBW
4th January 2024
KBW Europe's recent discussion on the January 1 reinsurance renewals, led by William Hawkins and Darius Satkauskas, reveals promising insights into the industry's outlook for 2024. Hosted with industry experts David Flandro of Howden Re and James Vickers of Gallagher Re International, the dialogue centered on the findings from their respective ... Read the full article
KBW anticipates casualty reinsurance conditions to “broadly improve” in 2024
22nd December 2023
Analysts at KBW anticipate casualty reinsurance conditions will "broadly improve" in 2024 as fears over domestic social inflation sustain primary rate increases, which "should drive down ceding commissions". "Core commercial lines’ reserve development (excluding personal auto liability, homeowners, and surprisingly persistent workers' compensation reserve releases) for accident years 2014-2019 has been ... Read the full article
Bermuda reinsurance market forecasts stability in property, tightening in casualty for 2024: KBW
13th December 2023
Executives from the Bermuda reinsurance market are expressing optimism about the 2024 property reinsurance operating environment, foreseeing stability in terms and conditions. While there is some divergence in views on January 1 property catastrophe rates, the consensus points towards a steady market. In the U.S. property catastrophe segment, there is a nuanced ... Read the full article
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