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.
Calls for property reinsurance price reductions ‘asymmetric’, Munich Re CEO tells the FT
16th September 2024
In an interview with the Financial Times (FT), Joachim Wenning, CEO of global reinsurer Munich Re, described calls for property reinsurance rate cuts as "asymmetric", suggesting that reinsurers will hold firm ahead of the 1.1 2025 renewals as the market continues to catch up on the poor returns achieved during ... Read the full article
Ceded reinsurance, an ever smaller proportion of total premium over the last five years: Howden Re
22nd August 2024
According to Howden Re's re/insurer earnings overview report for the first half of 2024, the period witnessed moderating rate increases in the primary market, whilst also experiencing a greater proportion of property & casualty (P&C) premiums coming through reinsurers. But, according to David Flandro, Head of Industry Analysis and Strategic Advisory, ... Read the full article
Growing signs of cycle management among reinsurers: Peel Hunt
5th August 2024
Peel Hunt's analysis of the Bermudian specialty reinsurance market for the first half of 2024 highlights a growing trend in cycle management, with re/insurers becoming more selective about where to expand their exposures and choosing to reduce their presence in areas experiencing margin erosion. The analysis summarising key themes among leading ... Read the full article
Flat commercial insurance rates in Q2 halt 26-quarter increase trend: Marsh
24th July 2024
Global commercial insurance rates were reportedly flat in Q2 of 2024, down from a 1% increase in Q1, ending the 26 consecutive quarter streak of increasing rates, as per Marsh's Global Insurance Market Index. According to Marsh, Q2 of 2024 marks the first time in nearly seven years that the global ... Read the full article
Guy Carpenter’s US ROL Index up by 1.2% in 2024 amid decreased pricing at mid-year renewals
8th July 2024
Reinsurance broker Guy Carpenter's U.S. Property Catastrophe Rate-On-Line (ROL) Index is now up by just 1.2% in 2024, reflecting a deceleration of rate increases at the mid-year renewals following the highs of last year. While still up by 1.2% after the July renewals, the generally flat to slightly down rate environment ... Read the full article
Stable mid-year renewals point to favourable outlook for reinsurance rates: RBC
5th July 2024
Analysts at RBC Capital Markets believe reinsurance rates still have a favourable outlook after the mid-year renewals, despite being below peak levels seen last year. The main message from broking groups following the mid-year reinsurance renewals was that it was a more stable environment than last year, as supply generally met ... Read the full article
No significant rate movements in US P&C as insurers remain comfortable: Novatae
4th July 2024
With the composite rate for US P&C insurance increasing slightly from 3.9% in Q1 to 4.36% in Q2, Richard Kerr, CEO of Novatae Risk Group, noted that "there was no significant movement in rates for any coverage or industry group" given that insurers are comfortable with pricing. Kerr's comments come as ... Read the full article
Premium renewal rate remains flat for Commercial Property in May, rest see increases: Ivans
24th June 2024
Ivans Index has disclosed its results for May, where year over year, Commercial Auto, Business Owner’s Policy (BOP), General Liability, Commercial Property and Umbrella each experienced notable increases in the premium renewal rates, while premium renewal rates decreased for Workers’ Compensation. According to a month-over-month analysis, all segments have experienced increases ... Read the full article
Risk-adjusted property-cat ROL 5% lower on average, indicating shifting market dynamics: Howden Re
30th May 2024
Moderated risk-adjusted property-catastrophe reinsurance pricing reflects shifting market dynamics at the June 1st reinsurance renewals, broker Howden Re has stated. According to Howden Re, risk-adjusted property-catastrophe reinsurance rates-on-line (ROL) were on average 5% lower at the June 1 2024 renewals, within a typical range of -7.5% to -2.5%. According to analysts, the ... Read the full article
More stability, healthy levels of reinsurance profitability expected in 2024: Lancashire CUO
6th March 2024
Trading conditions at the January 1st, 2024, reinsurance renewals were much more stable than a year earlier, and with discipline maintained and a greater willingness from existing carriers to deploy, the outlook for 2024 is one of more stability and healthy levels of profitability, according to Paul Gregory, Chief Underwriting ... Read the full article
Reinsurance demand to remain strong but prices to peak in 2024, says Moody’s
5th March 2024
Analysts at Moody's Investors Service expect demand for reinsurance protection to remain strong in 2024 but warns that while reinsurers have scope to push through further price increases, as competition intensifies in the sector, prices will likely peak this year. Moody's is the latest to predict a peak in reinsurance pricing ... Read the full article
Positive rate environment to continue as reinsurance market stabilises: Lockton
1st March 2024
Lockton expects a positive rate environment to continue in the first half of 2024, despite 1.1 renewal activity suggesting the reinsurance market is stabilising following difficult treaty renewals a year earlier. Rates for reinsurance catastrophe coverage flattened during this year’s 1.1 renewals, mainly backed by abundant capacity, which is similarly ramping ... Read the full article
Jan 1 reinsurance renewals positive and balanced: Klisura, Guy Carpenter CEO
25th January 2024
Overall, capacity was adequate for the completion of most programmes at the January 1st, 2024, reinsurance renewals, and with dedicated reinsurance capital growth in the double-digits, it was a positive renewal, according to Dean Klisura, President and Chief Executive Officer (CEO) of Guy Carpenter. Following the release of insurance and ... Read the full article
Moody’s sees reinsurance pricing remaining largely favourable in 2024
24th January 2024
Analysts at Moody's have highlighted how the reinsurance industry witnessed strong results in 2023, despite a continued elevated level of catastrophe activity, which saw more than $100 billion global insured losses. Moody's explained that development, which came after many years of challenged results, was aided by a number of factors. This included: ... Read the full article
Global property cat reinsurance RoL index up 5.4% at 1.1 2024: Guy Carpenter
9th January 2024
Reinsurance broker Guy Carpenter has reported that at the January 1st, 2024, reinsurance renewal, its Global Property Catastrophe Rate on Line Index (ROL) increased by 5.4% when compared with the prior year. Although this 5.4% increase is a steep decline from the 27.2% rise seen at the Jan 1st, 2023 renewals ... Read the full article
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