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.
Commercial insurance rate increases to moderate in 2025: KBW
24th June 2025
Keefe, Bruyette & Woods, Inc. (KBW), an investment bank and research firm focused on financial services, expects overall commercial insurance rate increases to moderate in 2025 following years of compounding gains across most lines of business. Drawing on detailed pricing data from MarketScout, an industry analytics provider tracking insurance rate trends, ... Read the full article
US commercial insurance rates up 5.3% in Q1’25: WTW
11th June 2025
The latest findings of WTW’s Commercial Lines Insurance Pricing Survey (CLIPS), reveals that US commercial insurance rates have continued a downward trajectory compared with the prior two quarters, despite an increase of 5.3% in the first quarter of 2025. CLIPS compares premiums for policies underwritten during the first quarter of 2025 ... Read the full article
Everest CEO expects mid-year reinsurance renewals to be ‘quite attractive’
1st May 2025
Jim Williamson, CEO of Bermuda-based re/insurer Everest, said today that he expects the mid-year reinsurance renewals to be attractive, and that he doesn't see property catastrophe reinsurance rates decreasing to a level that makes it a less appealing business for the firm. Speaking during Everest’s First Quarter 2025 earnings call, ... Read the full article
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
Mid-year renewal trading conditions more favourable for reinsurers than Jan 1: RenRe CUO
24th April 2025
David Marra, Executive Vice President and Group Chief Underwriting Officer (CUO) of Bermuda-based reinsurer RenaissanceRe (RenRe), said today that the firm is encouraged with trading conditions ahead of the mid-year property renewals, with more balance between supply and demand when compared with the January 1st renewals. Addressing analysts after the release ... Read the full article
Lloyd’s CEO calls for continued underwriting discipline as underlying performance improves
20th March 2025
John Neal, Chief Executive Officer (CEO) of the Lloyd's insurance and reinsurance marketplace, has emphasised the need for underwriting discipline to be maintained as there will be some, albeit "not a lot" of pressure on price through 2025. The CEO and other executives at Lloyd's held a call with the media ... Read the full article
Lancashire expects less property cat reinsurance rate softening after LA wildfires: CUO Gregory
6th March 2025
Paul Gregory, Chief Underwriting Officer (CUO) of re/insurance company Lancashire Holdings Limited, expects there to be less property catastrophe reinsurance rate softening than initially anticipated for the remainder of 2025, following the impacts of the costly January wildfires in Southern California. Industry losses for the January 2025 Los Angeles wildfires are ... Read the full article
YoY decrease in rate changes across all commercial lines in Q4’24: Applied Systems
10th February 2025
Applied Systems has released the fourth-quarter 2024 results of the Applied Commercial Index, the Canadian insurance industry’s premium rate index, showing a decline in average premium renewal rate increases across all lines, with a 5.02% rise in Q4’24, down from 7.55% in Q4’23. Quarter over quarter, Q4’24 results revealed a decrease ... Read the full article
Property cat rates still above what Everest needs to deploy in most markets: CEO, Williamson
4th February 2025
Despite property catastrophe reinsurance prices falling between 5% and 15% for loss free programmes at the January 1st, 2025, renewals, Jim Williamson, President and Chief Executive Officer (CEO) of Bermuda-based carrier Everest, has said that overall, rates are still above what's required for the firm to have appetite to deploy ... Read the full article
No market hysteria but LA wildfire loss could temper reinsurance rate reductions seen at Jan 1: MMC
30th January 2025
Executives at global broking group Marsh McLennan (MMC) said today that although it's too early to tell exactly what impact the recent Los Angeles, California wildfires will have on the property market, moving forward, the magnitude of industry loss could temper risk-adjusted reinsurance rate reductions witnessed at the January 1st ... Read the full article
Reinsurers positioned reasonably well for 2025 after 1.1 renewals: Vickers, Gallagher Re
23rd January 2025
Speaking with Reinsurance News in a recent video interview, James Vickers, Chairman of reinsurance broker Gallagher Re's International division, said that after the January 1st renewals, reinsurers are well placed but the question for companies for the rest of the year is what they can do about growing their ... Read the full article
Guy Carpenter global property cat ROL index down 6.6% at Jan 1 reinsurance renewals
6th January 2025
Reinsurance broker Guy Carpenter's latest Global Property Catastrophe Rate on Line (ROL) Index has fallen 6.6% at the January 1st, 2025, reinsurance renewals, which reflects the reported rate decreases seen across global property cat treaties. Guy Carpenter updates its Global and Regional Property Cat ROL Indices at key renewal dates, and ... Read the full article
Property cat reinsurance rates-on-line down 8% at 1.1 2025: Howden
2nd January 2025
According to global insurance and reinsurance broking group Howden, risk-adjusted global property-catastrophe reinsurance rates-on-line decreased by 8% on average at the January 1st, 2025, reinsurance renewals, in comparison to +3% that was recorded last year. In their January 1st 2025 reinsurance renewals report, Howden noted that demand at this years renewals ... Read the full article
Munich Re expects property cat pricing to plateau at Jan 1 renewals: CFO Jurecka
7th November 2024
Christoph Jurecka, Chief Financial Officer (CFO) of global reinsurer Munich Re, said this morning that he expects property catastrophe reinsurance rates, overall, to be flat on average at the January 1st, 2025, renewals, despite the elevated level of catastrophe activity in the third quarter. Speaking after the release of the ... Read the full article
Property cat reinsurance rates to be up 5-10% in US & Europe at Jan 1: Everest CEO Andrade
31st October 2024
Executives at global insurer and reinsurer Everest Group said today that they expect property catastrophe reinsurance pricing in the US and Europe to be up by as much as 10% heading into the January 1st, 2025, renewals, following the impacts of hurricanes Helene and Milton in Florida and the severe ... Read the full article
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