Reinsurance News
Morgan Stanley
Morgan Stanley expects P&C pricing to face continued pressure at Jan renewals
18th November 2025
Morgan Stanley analysts expect property & casualty reinsurance pricing to continue facing pressure heading into January 1, 2026 renewals, following a similar trend to 2025. Reinsurance pricing continued to soften, reflected in weaker top-line growth across most of Morgan Stanley’s coverage. Analysts expect rates at 1.1 to decline roughly 10–15%, driven ... Read the full article
Cover Whale raises $40m from Morgan Stanley to support expansion
30th July 2025
Cover Whale Insurance Solutions, Inc., a commercial auto insurtech, has raised $40 million in equity funding from Morgan Stanley Expansion Capital. The company plans to use the investment to further develop its technology, improve its data analytics capabilities, and expand its insurance offerings in pursuit of additional growth. Established in 2020, ... Read the full article
P&C sector steady but valuation becoming less attractive: Morgan Stanley
20th May 2025
The broader property and casualty (P&C) insurance trend is expected to remain steady through 2025, with personal lines and brokers likely leading on the earnings growth front, however, sector valuations are becoming less attractive as earnings become increasingly bifurcated, according to analysts at Morgan Stanley. While the P&C sector has held ... Read the full article
P&C reinsurance pricing expected to decline heading into Jan renewals: Morgan Stanley
21st November 2024
Heading into the January 1 renewals, unless there's a major catastrophe, property and casualty (P&C) reinsurance prices are expected to decline, according to analysts at Morgan Stanley. The 2025 reinsurance market outlook is shaped by a more subdued pricing environment in 2024 and manageable risks from this year’s hurricane season. While ... Read the full article
Life and P&C lines see diverging trends: Morgan Stanley
19th August 2024
Diverging trends continue for Life and P&C insurance so far, with the former seeing earnings exceeding expectations while the latter experiences growth that underperformed expectations, according to Morgan Stanley. In a recent update regarding the state of the Life and P&C industry, Morgan Stanley analysts stated that Personal lines maintain their ... Read the full article
Positive outlook for P&C reinsurers amid active hurricane expectations: Morgan Stanley
11th June 2024
Morgan Stanley analysts have emphasised that, despite expectations of an above-average hurricane season, the P&C reinsurance market maintains a positive outlook heading into 2025, thanks to a relatively stable pricing environment. Analysts identify several key factors expected to contribute to pricing stability: “Given the strong profitability in 2023 and the strong ... Read the full article
Cover Whale secures $27.5m investment from Morgan Stanley Expansion Capital
28th May 2024
Cover Whale Insurance Solutions, Inc., has announced a $27.5 million funding boost in debt and equity from investment funds managed by Morgan Stanley Expansion Capital. This round of funding, which includes existing debt investors converting into Series A preferred shares, will fuel Cover Whale's ongoing expansion efforts and expedite its mission ... Read the full article
Social inflation driving billions of dollars of excess losses in commercial auto: Morgan Stanley
28th February 2024
In a recent report by Morgan Stanley's analyst team, it's estimated that social inflation caused $13.3-24.5 billion of excess losses for commercial auto liability from 2013-2022, accounting for 7-13% of total losses in the period. On an annual basis, excess social inflation exceeded expected loss assumptions by 3-15%, under Morgan Stanley's ... Read the full article
Reinsurers “continue to have a solid path” relative to other insurance sub-sectors: Morgan Stanley
26th February 2024
According to a new report from Morgan Stanley, relative to other sub-sectors of insurance, reinsurers "continue to have a solid path", generating strong ROE, with robust underwriting and steady premium growth. Morgan Stanley noted that investors have been asking if the firm continues to favour reinsurers going forward, given the slower ... Read the full article
Reinsurers face challenges in 2024 amidst changing market dynamics: Morgan Stanley
22nd January 2024
According to insights gathered by Morgan Stanley, reinsurers experienced a pullback towards the end of 2023, prompting investors to scrutinise the factors that could drive the industry beyond the highs of the previous year. The report highlights that while reinsurance pricing remains robust, it is not as formidable as in 2023. ... Read the full article
Morgan Stanley warns of lingering social inflation threats in insurance industry for 2024
12th January 2024
In a recent report, Morgan Stanley has shed light on the growing concerns surrounding social inflation, predicting it to be a significant headwind for the insurance industry throughout 2024. Social inflation refers to the trend of insurers' costs outpacing general inflation, primarily fueled by escalating litigation expenses. Morgan Stanley's analysis, based on ... Read the full article
Aon’s acquisition of NFP has “execution risks”: Morgan Stanley
20th December 2023
Analysts at Morgan Stanley have highlighted how Aon's recently announced acquisition of middle-market property and casualty (P&C) broker, NFP, for $13.4 billion may have execution risks and will "take time to become accretive." Earlier today, it was reported that the broker had signed a definitive agreement to acquire NFP for ... Read the full article
Shorter investment portfolio duration impact marginal for reinsurers: Morgan Stanley
13th December 2023
Despite noting that certain investors feel that reinsurers are now more exposed by their shorter investment portfolio durations, analysts at Morgan Stanley believe that the impact should be marginal, while investment income should continue to see upside as most reinsurers are still witnessing improving investment yield. Morgan Stanley pointed out in ... Read the full article
Strong Q3 results indicate positive outlook for reinsurers in 2024: Morgan Stanley
9th November 2023
In a recent report, Morgan Stanley has highlighted the impressive third-quarter results for reinsurers, signaling a promising outlook for the industry in 2024. Despite a recent pullback, the underlying fundamentals remain robust, and leading players such as Arch, Everest, and RenRe have underscored the solid secular positioning of reinsurers. One key factor ... Read the full article
Morgan Stanley bullish on reinsurance for 2024
18th September 2023
Morgan Stanley remains bullish on the reinsurance sector, and expects durable pricing, stable capital positions, and solid book value growth to support the share price performance of companies in 2024. Uncertainty around the remainder of the hurricane season and robust ILS capital raising has not deterred its optimism for the sector. Analysts ... Read the full article
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