Reinsurance News
Morgan Stanley
CyberCube gets $50m growth funding from investors incl. Morgan Stanley
19th December 2022
Cyber risk analytics provider CyberCube has secured $50 million in additional growth capital from investment funds managed by Morgan Stanley Tactical Value, with continued participation from all its existing investors. These include Forgepoint Capital, Hudson Structured Capital Management (Bermuda) Ltd., MTech Capital, and key investors from Stone Point Capital. Scott G. Stephenson, ... Read the full article
Capital adequacy & higher interest rates key issues for US life insurers: Morgan Stanley
5th December 2022
Capital adequacy, free cash flow expectations, portfolio repositioning, and the impact of higher interest rates were among the key issues in US life insurers' discussions at the 2022 Virtual Insurance Corporate Access Day, says Morgan Stanley. During the Access Day, the firm spoke to senior executives from eleven different life insurers, ... Read the full article
Potential insured flood losses pushed above NFIP’s median: Morgan Stanley
20th October 2022
The scope and intensity of Hurricane Ian have pushed potential insured flood losses above the median with reinsurers and auto carriers on the hook, according to analysts at Morgan Stanley. Cat model estimates for Hurricane Ian's flood-based insured losses are at an average of $11 billion, which is ~3x the median ... Read the full article
Hurricane adds to reinsurers’ capital drain in Q3: Morgan Stanley
10th October 2022
Analysts at Morgan Stanley have stated that this year's third quarter will be challenging, especially as Hurricane Ian has highly contributed to capital drain. According to analysts Q3 2022 started off as a quiet quarter from a catastrophe perspective in the US, with no land-falling hurricanes through the first two months. ... Read the full article
Reinsurance pricing to remain ‘upbeat’ for January renewals – Morgan Stanley
15th September 2022
Financial giant Morgan Stanley has reflected on the Monte Carlo Rendezvous, saying that participants had predicted pricing to ‘remain upbeat’. Morgan Stanley wrote in a new note: “The recent benign hurricane season and rising interest rates do not seem to be an area of concern for pricing momentum. As expected, the ... Read the full article
Reinsurance pricing to remain strong regardless of benign hurricane season: Morgan Stanley
7th September 2022
Analysts at Morgan Stanley have said reinsurance pricing will remain strong regardless of a potentially benign hurricane season in 2022. The report notes there have been no hurricanes in the first half of 2022's Atlantic storm season, with only three named tropical storms. Morgan Stanley reviewed the list of landfall hurricanes on ... Read the full article
Industry reserves strengthen in 2021: Morgan Stanley
1st August 2022
Industry overall (all lines combined) reserves at YE21 are stronger than at YE20, mainly due to excess in recent accident years, according to analysis by Morgan Stanley. This excess, reflects continued conservatism following the Covid-19 pandemic, analysts noted, which varied by claim and by line. They estimate a cushion of about $14 ... Read the full article
Capacity withdrawal “bodes well” for reinsurance pricing: analysts
17th June 2022
Analysts at Morgan Stanley have said that widespread plans to pull back from the property catastrophe market should “bode well” for reinsurance pricing into 2023. Morgan Stanley says it has observed “many reinsurers” pulling back from the property cat market even as reinsurance capacity growth has returned to healthy levels following ... Read the full article
Tesla Insurance could pose long-term threat to US auto insurance industry: Morgan Stanley
27th April 2022
Analysts at Morgan Stanley have said that in the long-term, Tesla Insurance may pose a threat to the ~$260 billion US auto insurance industry, following the company’s expansion of its new insurance product that uses real-time driving behaviour data. The insurance offering was recently launched in Virginia, Colorado and Oregon. It ... Read the full article
The next cat quarter should be light for US carriers: Morgan Stanley
20th April 2022
According to Morgan Stanley, the next catastrophe quarter should be light for predominantly US carriers. However, on a global scale, analysts warn that catastrophes will likely impact reinsurers and primary insurers with international exposures. Catastrophe losses in the US lay somewhere in the several hundred million dollar range according to Aon ... Read the full article
Morgan Stanley forecasts slowdown in P&C rate growth
14th June 2021
Analysts at Morgan Stanley are foreasting a deceleration in property and casualty (P&C) insurance rates as lines begin to approach pricing adequacy. At present, overall rate increases continue to remain positive and above loss trend, as evidenced by improvement in Q1 commercial lines margins. But Morgan Stanley believes the evidence now points ... Read the full article
Morgan Stanley expects “sustained” reinsurance pricing ahead of renewals
19th April 2021
Analysts at Morgan Stanley are expecting reinsurance rate increases to prove more sustainable as they examine pricing trends ahead of the mid-year renewals. Though discussions of pricing at Jan 1 and Apr 1 renewals have been characterized as slightly disappointing, Morgan Stanley noted that pricing was generally up across the board ... Read the full article
Reinsurers to achieve low single digit rate improvements in April, says Morgan Stanley
31st March 2021
Analysts at Morgan Stanley expect European reinsurers to achieve low single digit rate improvements in the Japan-focused, April renewals, alongside further tightening in terms and conditions (T&C). After consecutive heavy loss years and the impacts of the pandemic in 2020, reinsurers were hopeful of meaningful rate rises at the January 1st, ... Read the full article
Australia’s flood loss hits $438m, IAG & SUN likely to exceed cat budget
29th March 2021
A new report from Morgan Stanley states that Australian insurers IAG and Suncorp are now likely to exceed their catastrophe budgets for 2021 by a modest amount, after it was announced that the country has so far been inflicted with flood losses of $438 million. As of this morning, 29,213 insurance ... Read the full article
Analysts downplay insurance losses as Suez cleared
29th March 2021
Analysts at Morgan Stanley believe that the insurance impact from the obstruction to the Suez Canal will be “minimal”, as efforts to free the grounded container ship have finally proved successful. Egypt’s vital trade waterway has been completely blocked since Tuesday, resulting in a backlog of 367 vessels that are currently ... Read the full article
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