Reinsurance News
Reinsurance rates news
News on rates and pricing across global insurance and reinsurance markets, with a particular focus on renewal rates on line in reinsurance and commercial insurance pricing trends.
Aon forecasts shifting re/insurer priorities as pricing moderates
14th June 2021
As part of its Global Market Overview report, broker Aon has forecasts that key longer-term issues are likely to gain relevance in re/insurer appetite and rating models, as the world emerges from the COVID-19 pandemic and as pricing momentum slows. Aon is predicting moderation in rate increases as re/insurers begin to ... 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
WTW reports uptick in commercial insurance rates through Q1
10th June 2021
US commercial insurance prices increased again during the first quarter of 2021, according to the latest Commercial Lines Insurance Pricing Survey (CLIPS) by broker Willis Towers Watson (WTW). The survey compared prices charged on policies underwritten during the first quarter of 2021 to those charged for the same coverage and quarter ... Read the full article
Reinsurance pricing strength to continue into Jan 2022: Moody’s
4th June 2021
Analysts at Moody’s have noted that the 2021 Atlantic hurricane season activity looks set to be “well above long-term historical averages,” which could result in continued pressure on reinsurance rates. According to forecasters, the combination of warmer than average sea surface temperatures in the tropical Atlantic Ocean and Caribbean Sea, weaker ... Read the full article
Property cat rates up by 5-10% at June 1 reinsurance renewals: HX
1st June 2021
Risk-adjusted property catastrophe reinsurance rates increased by 5-10% on average at the June 1st, 2021 renewals as price momentum decelerated year-on-year, according to HX, the digital, analytics, and advisory unit of Howden Group Holdings. According to data available in financial and underwriting data platform, NOVA, reinsurance rate momentum remained at the ... Read the full article
Premium renewal rates up across almost all major lines: IVANS
14th May 2021
Looking at premium renewal rates over the month of April, the latest data from the IVANS Index shows that nearly all lines of business experienced an increase in pricing. This was with the exception of Workers’ Compensation lines, which continued to see negative premium renewal rates last month. IVANS, a division of ... Read the full article
Capacity is adequate, demand is high: GC’s Peter Hearn
5th May 2021
Peter Hearn, Chief Executive Officer of reinsurance broker Guy Carpenter (GC), has maintained that, despite some moderation in pricing over Q1, reinsurance market capacity remains adequate, and demand is high. The Guy Carpenter global property catastrophe rate online index increased just under 5% at the January 1 reinsurance renewals. And similarly, for ... Read the full article
Munich Re doing ‘more business on better terms’, says CEO Wenning
28th April 2021
Global reinsurer Munich Re expects market hardening to persist in the property / casualty reinsurance sector as it continues to take advantage of favourable conditions, according to its Chief Executive Officer (CEO), Joachim Wenning. The German reinsurance company held its virtual 2021 Annual General Meeting (AGM) this morning, during which CEO ... Read the full article
WTW predicts return to soft cycle as rates decelerate
23rd April 2021
Analysts at Willis Towers Watson (WTW) have said the cyclical nature of pricing in the re/insurance market is set to be “proven again” as prices look ready to decelerate over the coming months. A new report by the broker noted that property rate increases have not been as steep as many ... Read the full article
Instability forecast for motor & home pricing until 2023: Pearson Ham
20th April 2021
Impending action by the FCA on pricing practices, combined with the post lockdown impact on claims, will herald a period of price fluctuation for motor and home lines as insurers adapt their business models to address issues such as ‘price walking’, according to analysts at Pearson Ham. Data from the firm’s ... 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
P&C underwriters continue to push rates across the board: MarketScout
12th April 2021
Data from MarketScout shows that US property and casualty (P&C) rates continued to increase over the first quarter of 2021, as underwriters successfully pushed for rates across the board. Umbrella, professional liability and D&O led the way with double digit rate increases, and larger accounts were generally priced more modestly than ... Read the full article
Louisiana Citizens’ residential property rates to rise by 2.3% in 2021
9th April 2021
Residential property insurance rates for Louisiana Citizens Property Insurance will rise by 2.3% this year, the state's Insurance Commissioner Jim Donelon has confirmed. The increase is in line with current inflation rates and is seen as a reflection of stability and appropriate rates in Louisiana’s residential insurance market. By law, rates at ... Read the full article
Renewal rates continue to vary across major commercial lines: IVANS
12th March 2021
With the exception of Workers' Compensation, all lines of commercial insurance business experienced an increase in average premium renewal rate during February 2021, when compared with the previous year, according to the latest results of the IVANS Index. IVANS, a division of Applied Systems, reports that month over month, premium renewal ... Read the full article
Commercial insurance prices up 10% over Q4: WTW
10th March 2021
New data from re/insurance broker Willis Towers Watson (WTW) shows that US commercial insurance prices grew by a substantial 10% over the fourth quarter of 2020. This was the largest quarterly increase recorded so far by WTW’s Commercial Lines Insurance Pricing Survey (CLIPS), which began in 2003. Data for nearly all lines ... Read the full article
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