Reinsurance News
Insurance and reinsurance pricing news
News on pricing in global insurance and reinsurance markets, with a particular focus on renewal rates on line in reinsurance and commercial insurance pricing trends.
Reinsurers must impose meaningful price differentiation in Florida: Demotech
15th May 2019
Reinsurers have thus far failed to impose meaningful pricing differentiation on Florida-focused insurers, according to financial analysis firm Demotech, but must do so to avoid the further commoditisation of catastrophe risk. Analysts noted that reinsurance and insurance-linked securities (ILS) may boost short-term profits by applying price increases across the board, but ... Read the full article
Commercial property rates firm as underwriting discipline improves: WTW
14th May 2019
Commercial insurance buyers are facing upward pressure on pricing for most lines of business for the remainder of 2019 as the market turns toward more disciplined underwriting, according to broker Willis Towers Watson (WTW). The analysis came as part of the firm’s Insurance Marketplace Realities 2019 Spring Update, which serves as ... Read the full article
Pricing to improve from current levels but become less cyclical: Berenberg
17th April 2019
The reality that profitability has to be achieved at current pricing levels has altered market expectations for insurers and reinsurers, and while analysts at Berenberg expect rates to improve from where they are today, going forward, pricing is expected to become less cyclical. Analysts highlight a challenging pricing environment for the ... Read the full article
Rate increases continue across most commercial lines at Q1: IVANS
12th April 2019
The Results of IVANS' index for Q1 2019 show that premium renewal rates increased across almost all major commercial lines of business when compared against the previous quarter. However, the General Liability renewal rate experienced a decrease while the Workers’ Compensation average dropped and remained in negative territory, consistent with the ... Read the full article
Swiss Re optimistic on long-term pricing prospects, says Ojeisekhoba
5th April 2019
Swiss Re is optimistic about its own long-term pricing prospects, as well as those of the wider reinsurance industry, despite the persistence of challenging market conditions. This is according to Moses Ojeisekhoba, CEO of Reinsurance at Swiss Re, who told Reinsurance News that the company was confident the competitive low-rate environment ... Read the full article
Upward pressure on Lloyd’s rates despite loss of momentum: Peel Hunt
25th March 2019
Analysts at Peel Hunt believe there remains upward pressure on re/insurance rates in the Lloyd’s market in 2019 despite an apparent loss of momentum since the first half of 2018. The firm noted that rates were fairly flat at the January renewals, which were dominated by Europe, but expects the upcoming ... Read the full article
The opportunity to show pricing discipline has arrived: Hiscox Re’s Szakmary
21st March 2019
With the reinsurance industry now having taken time to reflect on the catastrophe losses of the previous two years and re-evaluate where the baseline for rate adequacy lies, the opportunity has arrived for participants to work together and show pricing discipline. This is according to Adam Szakmary, Director of Underwriting – ... Read the full article
GIC Re’s pricing revisions cause Indian property rates to soar
20th March 2019
Companies in a number of Indian industries have seen their property insurance rates soar by as much as eight times after the country’s only active domestic insurance, GIC Re, revised the rates at which it provides reinsurance. This is according to reports from The Times of India, who said that corporates ... Read the full article
Re/insurers to benefit from specialty & investment tailwinds: Peel Hunt
18th March 2019
Rising specialty insurance rates and higher investment income due to an increase in U.S interest rates are expected to provide a welcome tailwind to the re/insurance industry in 2019, according to analysts at Peel Hunt. The firm also anticipates a stable reinsurance market ahead of the Japan and U.S renewals in ... Read the full article
Uptick across most commercial lines rates in February: IVANS
18th March 2019
The February results of the IVANS Index show a year-on-year increase in premium renewal rate change across all major commercial lines of business, with the exception of Workers’ Compensation. IVANS, which is a division of Applied Systems, also observed a month to month uptick in premium renewal rate change across Commercial ... Read the full article
U.S commercial insurance prices continue to rise in Q418, finds WTW
11th March 2019
A survey conducted by global re/insurance brokerage Willis Towers Watson (WTW) has found that U.S commercial insurance prices rose by just under 2% during the fourth quarter of 2018. WTW’s latest Commercial Lines Insurance Pricing Survey (CLIPS) compared prices charged on policies underwritten in Q418 to those charged for the same ... Read the full article
Rate increases at April renewals to vary widely by product & client: JMP
27th February 2019
JMP Securities is anticipating significant reinsurance pricing increases at the upcoming April 1 renewals, with increases varying by as much as 5-30% depending on product and client. After meeting with re/insurers in Japan ahead of the renewals, analysts at JMP expect average rate increases to push into the double digits, but ... Read the full article
Property reinsurance rates “inexplicably flat” at 1/1, says Markel’s Whitt
11th February 2019
Richard Whitt, Co-Chief Executive Officer (CEO) and Director of Markel Corporation, has said that property reinsurance rates were “inexplicably flat” at the recent January renewals. Speaking during a company earnings call, Whitt noted that reinsurance rates were disappointing at the 1/1 renewals despite two consecutive years of heavy catastrophe losses across ... Read the full article
Investor losses drive retro pricing hikes amid flat 1/1 market: A.M. Best
11th February 2019
Large catastrophe losses and ongoing loss creep resulted in pricing hikes of up to 35% for the retrocession segment at the January 2019 renewals, as investors pushed for higher returns amid a predominantly flat rating environment, according to A.M. Best. Analysts said that property catastrophe retrocession was the brightest spot at ... Read the full article
Modest downturn for commercial lines rates in January: IVANS
11th February 2019
Most major U.S commercial product lines experienced a downward trend in premium renewal rates during January 2019, according to the latest monthly results of the IVANS Index, which tracks commercial re/insurance pricing. IVANS, which is a division of Applied Systems, observed a negative change in average premium renewal rates across the ... Read the full article
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