Reinsurance News
RBC Capital Market
Fairly stable conditions expected at 1.1, reinsurance demand to remain high in 2025: RBC Capital Markets
20th December 2024
The reinsurance industry should expect to see fairly stable conditions at the upcoming January 1st reinsurance renewals, with property catastrophe reinsurance pricing anticipated to be somewhere close to flat due to losses from recent hurricanes Helene and Milton not developing as adversely as original forecasts from cat modelers, according to ... Read the full article
Reinsurers show steadfast discipline and modest adjustments: RBC Capital Markets
17th September 2024
RBC Capital Markets, the investment banking arm of Royal Bank of Canada, provides a comprehensive analysis of the Monte Carlo RVS 2024, highlighting that reinsurers are steadfastly maintaining their position in renewal negotiations. Following a period of underperformance leading up to 2023, reinsurers are working to rebuild their earnings. Despite a challenging ... Read the full article
Primary insurer differentiation more prominent than ever, says RBC
21st September 2022
According to analysts at RBC, primary insurer differentiation is more prominent than ever, as reinsurers are seeking clear articulation around underlying inflation assumptions and overall risk management frameworks. RBC's analysts question whether premium affordability will become an issue as macro conditions weaken further, observing that premiums are already at historical highs ... Read the full article
Property reinsurers should focus on profits not premiums: analysts
21st June 2022
Analysts at RBC Capital Markets have contended that property reinsurers should be focusing on writing less business to maximise profits, despite the attractive rates currently offered by the hard pricing environment. In a new report, RBC explores why so many reinsurance companies are opting to reduce their exposure to volatile catastrophe ... Read the full article
RBC assumes $2bn Russian aviation loss to industry
11th April 2022
Analysts at RBC Capital Markets are assuming industry aviation losses stemming from sanctions on Russia will total $2 billion, constituting only an earnings event for UK specialty P&C insurers. Looking ahead to Q1 trading updates, RBC foresees loss exposures to the Russia-Ukraine conflict as being the many focus for many companies. However, ... Read the full article
2022 expected to be second largest ever year for UK bulk annuities: RBC
7th April 2022
2022 is forecasted to be the second largest ever year for UK bulk annuities, with volumes of £41 billion, according to analysts at RBC Capital Markets. The analysts stated they expect this will be followed by 2023 and 2024 record volumes of £45 billion and £48 billion respectively, with UK listed ... Read the full article
Foreign insurers enjoying strong growth in China: RBC
23rd August 2021
Analysts at RBC Capital Markets have observed strong growth among foreign insurers in the Chinese market, in contrast to local players who have seen volumes stagnate. And RBC expects to see a continuation in this shift, noting that insurers who grew their share of the market during the pandemic were able ... Read the full article
Re/insurance pricing trends improving across all primary lines, says RBC
9th July 2021
Pricing trends continue to improve in almost all lines of business in both primary insurance and reinsurance, according to analysis from RBC Capital Markets. Analysts expect to see prices continue to increase with specialty and commercial lines increasing faster than reinsurance prices. Furthermore, there’s an expectation that margins are beginning to improve ... Read the full article
Foreign insurers show strong progress in China: RBC Capital Markets
9th April 2021
European re/insurers have made “significant progress” in China following regulations to open up the Chinese market in 2019, according to analysts at RBC Capital Markets. Although this progress has largely been overlooked due to the pandemic, RBC notes that several insurers, including AXA and Allianz, have taken actions to seize early ... Read the full article
January renewals were in-line with expectations, says RBC
3rd February 2021
Analysts at RBC Capital Markets have maintained that the January 1 reinsurance renewals were “in-line” with expectations, despite reports that pricing increases were more muted than many had hoped. “In all our time looking at and working in the sector, we cannot think of a time when the January reinsurance renewals ... Read the full article
Lloyd’s insurers to retain more business as pricing improves: analysts
11th December 2020
Analysts at RBC Capital Markets predict that Lloyd’s insurers are likely to retain more business on their own balance sheets as pricing in the market continues to improve. There had been a clear trend of passing more business on to reinsurers as profitability in the Lloyd’s and London markets deteriorated, RBC ... Read the full article
Poor 2017 results suggest Lloyd’s syndicates under strain: RBC
14th May 2018
RBC Capital Markets has reported that Lloyd's syndicates are under considerable strain, having posted aggregate combined ratios of 114% in 2017, with the worst return on capital since 2001. RBC analysed 95 Lloyd's syndicate reports from 2017, finding that just 16% of syndicates by number, or 9% of syndicates by premium, ... Read the full article
Lloyd’s market to benefit from further rate hikes at mid-year: RBC Capital Markets
25th April 2018
Pricing is beginning to show signs of turning for the Lloyd's of London market, bringing the promise of a margins recovery after January renewals were up in total by 5-7% year-on-year, with further increases forecast in U.S. loss affected business at mid-year renewals, according to RBC Capital Markets. Lloyd's experienced over ... Read the full article
P&C business drives price increases for European reinsurers: RBC
10th April 2018
RBC Capital Markets has reported that, after several years of decline, 2018 pricing for European reinsurers is on the rise, with companies getting back to near term earnings growth, largely driven by Property and Casualty (P&C) business. RBC found that P&C reinsurance drove earnings growth as better-priced premium earned its way ... Read the full article
UK life insurers to see gains following drop in life expectancy rates: RBC
7th March 2018
UK life insurers are expected to report years of gains as 2017 life expectancy rates slow compared to reserve assumptions. RBC Europe said "over the next 2 weeks, the large UK annuity writers will report their 2017 preliminary results - we expect the group to handsomely beat consensus estimates as they ... Read the full article
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