Reinsurance News
RBC Capital Markets
Middle East conflict risks seen as manageable for re/insurers, but escalation concerns linger
4th March 2026
At discussions held during the Association of Insurance and Financial Analysts conference, re/insurance executives and analysts struck a cautiously constructive tone on Middle East conflict exposures, broadly agreeing that related losses remain “manageable” for re/insurers so far. Overall, sentiment suggested losses are contained, with analysts noting that “the situation remains fluid” ... Read the full article
Insurers still benefit from higher yields, but impact is fading: RBC Capital Markets
24th December 2024
The insurance industry is still reaping the rewards of higher investment yields, although the effect is gradually diminishing, analysts at RBC Capital Markets have highlighted in a recent report. Property and casualty (P&C) insurers typically invest in short-term, high-quality investment portfolios like corporate bonds, Treasuries and other highly-rated fixed income instruments. As ... Read the full article
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
Hurricane Milton threatens tens of billions in insured losses, reinsurers also to be impacted: RBC Capital Markets
9th October 2024
With its projected path and intensity, Hurricane Milton has the potential to become one of the most expensive storms to hit Florida, analysts at RBC Capital Markets, the investment banking arm of Royal Bank of Canada, predict. Currently, Hurricane Milton remains a Category 4 storm within the Gulf of Mexico, having ... Read the full article
RBC predicts hurricane Helene insured losses could reach double-digit billions
30th September 2024
Analysts at RBC Capital Markets (RBC) predict that insured losses from Hurricane Helene could range from mid-single-digit billions to as high as double-digit billions. Hurricane Helene made landfall in Florida’s Big Bend region on Thursday, September 26th, as a powerful Category 4 storm. This marks the third hurricane to strike the ... Read the full article
Hurricane Francine to have minor impact on reinsurers, seen as very manageable for P&C space: RBC
13th September 2024
Analysts at RBC Capital Markets expect Hurricane Francine to be a highly manageable loss event for the P&C insurance industry, most likely in the very low billions, with a minimal impact to reinsurers. On September 11th, Francine made landfall in southern Louisiana, the parish of Terrebonne as a Category 2 storm ... 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
Record-breaking year predicted for UK life insurance in 2023: RBC Capital Markets
1st December 2023
In a recent analysis by RBC Capital Markets, the UK life insurance industry is poised for a remarkable year in 2023, with projected volumes reaching approximately £50 billion, surpassing the previous record of £45 billion in 2019. This surge is attributed to the anticipation of large transactions, including the recent announcements ... Read the full article
Hard market to persist into 2024, further rebalancing expected: RBC Capital Markets
20th October 2023
Analysts at RBC Capital Markets expect the hard reinsurance market environment to persist into 2024 as the industry's resolve to deliver adequate returns remains. According to RBC, there will be further rebalancing of the insurance value chain between primary insurers and reinsurers as both acknowledge the inequity of how losses were ... Read the full article
Record SCS activity drives $77bn 9M 2023 insured nat cat bill: RBC
16th October 2023
RBC Capital Markets highlights the surge in high frequency, small and mid-sized catastrophe events during the first three quarters of 2023, largely driven by a growing trend of severe convective storms (SCS) in the United States. Overall, catastrophe losses reached approximately $77 billion after the first nine months of 2023, with ... Read the full article
Hard market will sustain through 2024: RBC Capital Markets
14th September 2023
"The hard market will sustain through 2024 as the industry's resolve to deliver adequate returns continues to hold," suggested RBC Capital Markets in its Monte Carlo RVS 2023 takeaway report. RBC's report noted that capital discussions have centred around the cost of it over its overall availability. "Appetite is strongest in Property ... Read the full article
Global cat rates surge by 27% YTD; US leads with 35% increase: RBC
14th July 2023
Global catastrophe rates have surged by 27% year-to-date, with the United States experiencing the highest increase at 35%, according to RBC Capital Markets. The property catastrophe rate indexes have reached levels not seen since 2006, when a significant number of new insurers emerged, including notable companies like Lancashire. Across various sub-segments, insurance ... Read the full article
H1 2023 nat cat losses in line with historical averages: RBC
14th July 2023
At $35 billion, insured natural catastrophe losses in the first half of 2023 were roughly in line with historical averages, according to RBC Capital Markets. “We estimate a large loss tally of $37 billion at the half-year, of which $35 billion are nat cat events with convective storms in the US ... Read the full article
Specialty reinsurers’ combined ratios may be ‘too conservative’: RBC Capital Markets
18th April 2023
RBC Capital Markets said specialty reinsurers' combined ratios may be "too conservative" due to factors such as conservative reserving, rebuilding reserve buffers, and higher investment returns which could offset weaker underwriting returns. Insurers are expected to report strong solvency positions and detail any relevant asset exposures, with a focus on the ... Read the full article
Alternative capital shortage has rippled through property markets: RBC
26th January 2023
Analysts at RBC Capital Markets have suggested that a retrenchment in the alternative capital space has led to a further tightening of the retro market from 2022, causing a “ripple effect” on the available of capacity in the reinsurance property markets. Commenting on the current hard market environment and on specialty ... Read the full article
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