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 adopting a ‘slightly different strategy’ for mid-year renewals: Beazley CEO
29th April 2025
The outlook for the key mid-year reinsurance renewals is distinct from what happened at the Japan-focused April renewal period, and from what specialist insurer Beazley is seeing so far, sellers are adopting a different strategy, according to Adrian Cox, Chief Executive Officer of the London-based carrier. After the release of ... Read the full article
At a macro level, the need for re/insurance is increasing: Aon CEO Case
25th April 2025
Regardless of the turbulent macroeconomic environment, the long-term trends, in terms of levels of risk, is on the rise, and as the need for solutions increases, there will be implications for demand and pricing of re/insurance, according to Greg Case, Chief Executive Officer (CEO) of global broking group Aon. Earlier today, ... Read the full article
US property cat reinsurance rates to stabilise at mid-year renewals: Moody’s
14th March 2025
After an overall mixed pricing picture at the January 1st, 2025, reinsurance renewals, the impacts of Hurricanes Helen and Milton and the costly California wildfires, analysts at Moody's expect property cat reinsurance pricing to stabilise at the upcoming US-focused mid-year renewal rounds. As highlighted by Moody's in a recent note, several ... Read the full article
MultiStrat appoints Maryam Abdullah as Head of Pricing
11th February 2025
MultiStrat, a specialty reinsurance and capital advisory business, has announced the appointment of Maryam Abdullah as Head of pricing, based in Bermuda. Abdullah brings over 20 years of actuarial experience and more than a decade of brokerage experience in the capital markets and re/insurance sectors. She joined MultiStrat in 2022 as an ... Read the full article
Reinsurers’ 10-15% share of LA wildfire industry loss not enough to alter pricing trajectory: Evercore
21st January 2025
Analysts at Evercore ISI have increased their insured loss base case for the ongoing wildfires in Los Angeles to a range of $25 billion to $30 billion, stating that although an industry loss of this level will hit reinsurers, it's not enough to alter the trajectory of reinsurance pricing with ... Read the full article
Reinsurance market to stabilise next year, pricing to return to ~2023 levels: JP Morgan
4th December 2024
Analysts at JP Morgan expect the reinsurance market to stabilise in 2025 with pricing at still healthy levels despite minor declines, while profitability should be supported by a continuation of firm terms and conditions as attachment points hold. With the January 1st, 2025, reinsurance renewals fast approaching, industry observers will be ... Read the full article
Changes to reinsurance reforms may impact Australian insurers’ credit profiles, says Fitch
20th November 2024
According to analysts at Fitch Ratings, changes to reinsurance-related capital requirements proposed by the Australian Prudential Regulation Authority (APRA) could wind up supporting Australian general insurers’ credit profiles over the medium term if they improve access to reinsurance protection. But, the agency notes, that catastrophe reinsurance pricing and the frequency, severity ... Read the full article
Climate change to drive multi-year pricing cycle for Australian personal lines insurers: BofA Securities
18th November 2024
Analysts at BofA Securities are forecasting a multi-year pricing cycle for Australian personal lines insurers, which will be primarily driven by concerns surrounding the impacts of climate change and rising peril exposures. The firm highlighted how climate change inflation is already evident in Australian insurance results, with insured peril loss inflation ... Read the full article
Reinsurers post 22% ROE in 2023, Helene & Milton to stall softening, says AM Best
1st November 2024
Solid underwriting conditions, combined with a turnaround in unrealised losses drove reinsurers to a 22% return on equity (ROE) in 2023, states global ratings agency AM Best. However, the agency has also said that higher attachment points would make 2024 hurricane claims manageable. A new report from the agency notes that AM Best’s ... Read the full article
Adequate capacity leads to stable Asia Pacific reinsurance pricing, says Fitch
15th October 2024
According to Fitch Ratings, adequate capacity has led to stable reinsurance market pricing for the Asia Pacific (APAC) region throughout 2024. Fitch notes that Asia's premium-pricing rates signalled stable pricing in 2024 renewals, in comparison to 2023, according to various different brokers. A key example is from insurance and reinsurance broker Aon, ... Read the full article
Expected $60bn loss from Milton to revert reinsurance pricing stability: Morningstar DBRS
14th October 2024
According to a new Morningstar DBRS report, Hurricane Milton is expected to result in insured losses approaching $60 billion, likely causing the stabilisation of reinsurance prices seen during mid-year renewals to revert to their upward trajectory. Hurricane Milton made landfall on the 9th of October in Sarasota county (Siesta Key) on ... Read the full article
Milton insured losses manageable for large carriers, property cat pricing unlikely to rise: Morgan Stanley
14th October 2024
With insured losses from Hurricane Milton anticipated to be manageable for the larger carriers, analysts at Morgan Stanley have suggested that pricing is less likely to increase for property catastrophe going into 2025. However, the prior expectation for a double-digit decline is now less plausible. For those unaware, Milton made landfall ... Read the full article
hyperexponential launches its first reinsurance pricing model
10th October 2024
hyperexponential, a pricing platform for global re/insurers, has launched its first templated reinsurance model aimed for treaty reinsurance, including Excess of Loss (XoL). This move, hyperexponential stated, marks the company's next stage of expansion into the reinsurance market. While reinsurers use proprietary models to distinguish themselves in the market, the industry has ... Read the full article
MENA reinsurers continue to benefit from positive pricing momentum: AM Best
7th October 2024
According to credit rating agency AM Best, reinsurers based in the Middle East and North Africa (MENA) region are continuing to benefit from positive pricing momentum over the recent renewal periods, albeit to a lesser extent than the global reinsurance market. In a new report, AM Best notes that the reinsurance ... Read the full article
JP Morgan expects the reinsurance market to stabilise heading into 2025
3rd October 2024
A new note from JP Morgan on the European reinsurance market following RVS 2024, says that with the industry now producing strong returns, analysts are expecting that 2025 will lead to a stabilisation of the reinsurance market. Analysts noted that they heard a relatively consistent message on pricing from market participants, ranging ... Read the full article
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