All Renewals articles
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NewsAon: property cat ‘transitioning’ at April reinsurance renewals
Rates remain broadly flat at previous high levels, according to Aon’s latest Reinsurance Market Dynamics report, focused on the Asia Pacific 1 April 2024 reinsurance renewals.
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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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NewsHannover Re confirms 2024 guidance after “satisfactory” 1/1
The German insurer reiterated it expects reinsurance revenue to grow more than 5% this year, after further improvements in terms and conditions and sustained attractive prices at renewals.
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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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NewsUpward pricing momentum continues, reinsurers “shouldn’t forget” previous years – Ariel Re
For this week’s reinsurance meeting in Baden-Baden, property underwriters for Ariel Re are upbeat about continued hard market pricing.
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NewsSupercede discusses the avoidable tax on poor quality reinsurance data
The digital revolution has reshaped countless industries, so why is reinsurance seriously lagging behind? Especially when the ability to harness and effectively manage data is becoming the critical determinant of success in our unique marketplace.
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NewsHiscox performance improves at H1 – driven by reinsurance and London market arms
“Leaning into the hard market”, the group allocated additional organic capital to the Hiscox Re & ILS business.
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NewsSCOR posts Q2 P&C combined ratio of 88.5% and €192m groupwide profit
Market conditions remain favourable for reinsurers in pricing and terms and conditions, French reinsurer SCOR reported in its second quarter statement.
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NewsRecalibration at mid-year 2023 renewals – Guy Carpenter
Property pricing saw continued risk-adjusted rate increases in many segments at 1 July renewals, which also benefitted from “improved timing and concurrence around T&Cs”, Guy Carpenter reported.
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NewsReinsurance market moves to more stable footing – Aon
Mid-year renewals show order returning as pressure on pricing and T&Cs eased compared to 1/1, the re/insurance broker has reported, but double digit rises recorded on Australian business.
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NewsGallagher Re expects reinsurer discipline from 7/1
Reinsurers are expected to have held the line on pricing after the smoke clears from the 1 July renewal, consistent with the pricing gains seen at the start of this year.
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NewsResults comparison: solid Swiss Re result just short of Munich’s combined ratio
Swiss Re’s P&C combined ratio was 97.2% for the first quarter, slightly less profitable than the 86.5% posted by German rival Munich Re; both reinsurers had higher than anticipated cat losses, driven by Turkey’s earthquakes.
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NewsHannover Re Q1 profit on track to meet 2023 target
Third largest reinsurer announces quarterly profit of €484m and a combined ratio of 92.3% on its property and casualty business.
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NewsThree factors keeping global non-life reinsurance outlook stable – AM Best
Positive pricing momentum leads the list of reasons why rating agency AM Best has maintained a positive view on the non-life reinsurance sector globally.
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Aon suggests stability in rates in its reinsurance market report
The broker’s Reinsurance Market Dynamics report for April renewals points to signs of stability, after several torrid renewals for its reinsurance-buying clients.
