All Renewals articles – Page 2
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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.
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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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NewsSwiss Re posts 2022 net income of $472m after tumultuous year
Large nat cat claims reached $2.7 billion as the P&C Re combined ratio rose to 102.4% for the full year
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NewsHannover Re sees property cat rate hikes of 30%
Prices and conditions ’not seen in decades’ was present at 1 January, as reinsurer looks to mid year
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NewsSCOR rebalances book during ‘best market in decades’
Reinsurer further reduces exposure to natural catastrophe risks by 14% at 1 January
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NewsHesitant capital remains sidelined despite rating improvements - AM best
High levels of nat cat losses, coupled with rising inflation and geopolitical concerns, is denting appetite for property cat
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NewsSwiss Re’s three renewals takeaways
Capacity conundrums, late negotiations, rate increases and tighter wordings all came into play at 1 January
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NewsOver $24 billion premium renewed via Supercede platform
Co-founder predicts 2023 will be an important year for ’reinsurtech’ as customers report 85% operational savings
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NewsConsilium names Paul Richards Co-CEO
He will lead the business as Co-CEO alongside James Baird who was appointed CEO in November
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NewsReinsurers’ underwriting margins to expand in 2023
Fitch believes some property catastrophe risks could become uninsurable as industry capital shrinks by 15%
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NewsFema cuts NFIP reinsurance programme for 2023
Its reinsurance placement has halved to $500m, amid hardening rates and diminishing capacity
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News1/1 ‘down to the wire’ with possible reputational consequences
Areas of most constraint were peak-zone US property cat and coverage for war and SRCC, finds Gallagher Re’s 1st View
