All 1 January renewals articles
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NewsHannover Re: ‘Continuing trend’ of hardening reinsurance terms
The reinsurer said that there was a ‘movement towards stabilisation generally’ at its RVS 2024 briefing in Monte Carlo.
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NewsAon renewals briefing emphasises shifting market dynamics
Led by Andy Marcell led a senior leadership panel to discuss global reinsurance market dynamics as the industry heads to the Monte Carlo RVS 2024.
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NewsTime to stand out - Gallagher Re’s Wakefield
Against the backdrop of the most dramatic re/insurance market we have seen, Gallagher Re’s CEO Tom Wakefield predicts a return to a true market of differentiation for upcoming 1/1 renewals.
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NewsGR Special Edition: Monte Carlo RVS 2024
This year’s annual print edition of Global Reinsurance for the Monte Carlo reinsurance Rendez-Vous de Septembre is packed with executive interviews, news and analysis and features on the latest trends facing international (re)insurance markets. The magazine, which will be on the stands at Monte Carlo, is FREE to download here.
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NewsDiscipline holds after ‘all time high’ – Hiscox Re & ILS
Matthew Wilken, chief underwriting officer (CUO) of Hiscox Re & ILS thinks pricing discipline and fresh demand mean the reinsurance market is in “a good place” this summer. He is responsible for the reinsurance carriers’ book of more than $1bn gross premium.
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NewsWhere are all the new reinsurers?
A hardening market usually heralds the arrival of new reinsurers, but this has not happened in 2023 and 2024. Two analysts from AM Best recently sat down with Global Reinsurance to try to explain why.
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NewsA new phase in the cycle begins – Howden Re’s Flandro
After a Goldilocks period for reinsurers, a new stage in the cycle is starting to take shape, with signs including lower interest rates and their effects on bond portfolios, David Flandro, Howden Re’s head of industry analysis and strategic advisory, told GR.
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NewsDynamic trading environment meeting reinsurance demand – Guy Carpenter
The reinsurance broker’s leadership describes market conditions expected to influence placement discussions ahead of 1 January 2025 renewals.
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NewsReinsurance pricing to peak in 2024, but claims inflation and cat risk persist – Moody’s
Moody’s expects continued strong demand for reinsurance and higher investment yields, to drive attractive RoEs for the sector in 2024, assuming no large catastrophe events.
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NewsSwiss Re calls for underwriting discipline after strong renewals
The reinsurer wants to keep pressure on underwriting discipline this year, after a successful 2023, with $3.2bn profit and a 22% RoE.
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NewsWhere does the market go from here? – interview with Howden Tiger’s David Flandro
David Flandro, head of industry analysis and strategic advisory, Howden Tiger, spoke to GR about the reinsurance broker’s view of where the market is heading after its most recent 1/1 renewal.
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NewsMoody’s expects “firm” April and July renewals
1/1 reinsurance renewals showed moderate price increases across most lines due to balanced supply and demand, according to ratings firm Moody’s.
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NewsGuy Carpenter’s RoL index for property cat up by 5.4% globally at 1/1
At the 1/1 reinsurance renewals, Guy Carpenter’s global rate-on-line index increased by an estimated 5.4% year-on-year.
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NewsSmooth 1/1 helped by reinsurer profits, higher pricing across retro and primary markets
Global reinsurance capital surpassed $635bn at the nine-month point of 2023, according to Aon.
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News1/1 renewal stable, showing stronger supply dynamics – Howden
Reinsurance renewals in January 2024 saw a market adjusting to a period of extraordinary cyclical and structural change, according to Howden’s briefing.
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NewsSmoother 1/1 with motivated market and more capital – Guy Carpenter
Renewals characterised by ample capacity and a commercial approach to trading partnerships, albeit with continued underwriting scrutiny for casualty, cyber and SRCC, according to the broker.
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NewsHannover Re stresses upward pressure on German P&C terms and pricing
High inflation and claims expenditure on lines from motor insurance to property catastrophe events mean German reinsurance rates will rise, Hannover Re warned.
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NewsHard market dampens ILS investor appetite - AM Best
Sentiment among some ILS managers is that the supply of capital will remain tepid for some time
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NewsHardest renewal market in years as industry approaches 1 April
A shortage of capacity in property catastrophe markets has resulted in the hardest market since 9/11
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NewsNat cats will continue to test reinsurers in 2023 - Moody’s
However, strong price increases coupled with higher investment income from rising interest rates will boost profitability
