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.
P&C pricing to reach double-digit increases through 2H19: Credit Suisse
12th June 2019
Analysts at Credit Suisse have predicted that property and casualty (P&C) insurance pricing is due to enter hard market territory throughout the second half of 2019, with rate increases reaching into the double-digits. This forecast is more optimistic than the firm’s previous April update, when it forecast that pricing would firm ... Read the full article
Moody’s expecting stronger reinsurance sector profitability in 2019
11th June 2019
Analysts at Moody’s Investor Services are anticipating stronger reinsurance sector profitability in 2019, supported by significantly higher pricing in the property catastrophe market. The firm believes that reinsurers are entering the 2019 hurricane season with solid capital positions and should be able to comfortably withstand any potential losses arising from hurricanes. Reinsurance ... Read the full article
Commercial lines show “varied” rate changes in May: IVANS
7th June 2019
Commercial lines rate movements were “varied” across the month of May, according to the latest IVANS Index, with mixed results across the major lines of business. IVANS, which is a division of Applied Systems, observed an uptick in premium renewal rates for BOP, General Liability, and Commercial Property. In contrast, Commercial Auto, ... Read the full article
Rates to increase through April 2020 regardless of storm activity: Goldman Sachs
6th June 2019
Analysts at Goldman Sachs believe that catastrophe reinsurance and retrocession rates will continue to increase through to April 2020 regardless of how active this year’s storm season is. However, the firm does not believe that rate increases will continue into the June 2020 renewals and beyond without another above-year average loss ... Read the full article
Loss creep on casualty lines hardening rates across all sectors: AmWINS
30th May 2019
The continued deterioration of loss development on casualty lines has driven market hardening to a greater degree than was originally projected, according to analysts at specialty insurer AmWINS. The group’s State of the Market report for Q2 2019 noted that firming has spread out from segments such as New York construction, ... Read the full article
JMP predicts 15-20% rate hikes at June 1, says Jebi creep could reach $16bn
28th May 2019
Analysts at JMP Securities anticipate that overall pricing increases at the upcoming June 1 reinsurance renewals will be in the range of 15-20%, with wide variation among programs. The firm’s estimates follow meetings with re/insurers and brokers in Bermuda, which also revealed that many are expecting loss creep from Typhoon Jebi ... Read the full article
WTW integrates insurtech vendor Tia Technology into pricing platform
23rd May 2019
Global insurance and reinsurance broker Willis Towers Watson (WTW) has partnered with insurtech vendor Tia Technology to enhance the offering of its Radar Live price delivery software. WTW intends to integrate the Tia rating engine into Radar Live, allowing users to take full advantage of both systems and providing more frequent ... Read the full article
CIAB reports further increases for commercial P&C premium prices in Q1
20th May 2019
The Council of Insurance Agents & Brokers (CIAB) has reported that premium pricing across all-sized commercial property and casualty (P&C) accounts saw continued increases during the first quarter of 2019. Average pricing increases across all account sizes in Q1 2019 was 3.5%, according to CIAB, compared to 2.4% in Q4 2018 ... Read the full article
Commercial insurance prices continue growing at Q1, finds Marsh
17th May 2019
Global commercial insurance prices increased by 3% during the first quarter of 2019, according to data from re/insurance broker Marsh, marking a sixth consecutive quarter of price increases. Marsh also noted that the rate of growth in commercial insurance prices was at its highest since it began its survey in 2012. Regionally, ... Read the full article
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
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