Terms and conditions associated with reinsurance, retrocession and insurance-linked securities (ILS) renewals, as well as the way you access the risk, are said to have been equally as important as rates at the recent renewal in determining the actual risk adjusted returns achievable.Pricing and rates has of course been a read the full article →
Reinsurance renewals news
Reinsurance renewals news and articles. Discussing the trajectory of reinsurance pricing and rates, as well as the flow of reinsurance capital at key market renewal seasons where many reinsurance programs are renewed and new reinsurance and retrocession capital and capacity is deployed.
The reinsurance cycle follows a number of key renewal seasons and the news and analysis below covers these important reinsurance market renewals.
The key reinsurance renewal periods are at January 1st, April 1st, June 1st and July 1st.
The January renewals have a particular focus on European programs, Asia Pacific (ex. Japan), casualty and specialty risks. The mid-year reinsurance renewals see a particular focus on U.S. property catastrophe reinsurance renewals, with Florida a particular focus in June. Japanese reinsurance program renewals are a major focus at April 1st.
The alternative reinsurance capital market showed evidence of increasing rationality at the key January 1st 2019 renewals, according to analysts at Peel Hunt, with a "flight to quality" also noted as being underway in some corners of the ILS fund market.The analysts met with underwriters in London and at Lloyd's read the full article →
A re-pricing of retrocessional reinsurance capacity following the significant losses of the last two years is set to drive higher reinsurance costs over the course of 2019, as reinsurer seek to pass on higher retro prices to insurers, according to Credit Suisse.Analysts from investment bank Credit Suisse held a conference read the full article →
Global property catastrophe reinsurance rates rose just 1.1 % across the market at the key January renewals, but there considerable variation in pricing across region and how loss affected or perceived as under priced an account was, according to Guy Carpenter.The reinsurance broker said that its Global Rate on Line read the full article →
Longer-term investors in insurance-linked securities (ILS) and reinsurance linked assets are expected to remain committed to the sector despite the impact of losses over the last two years, with a resumption of ILS market growth anticipated once recent losses have been digested.Reporting in its latest Reinsurance Market Outlook, Aon highlights read the full article →
Any uptick in reinsurance and retrocession rates at future renewals through 2019 may prove "self-defeating" for traditional reinsurers, as attractive pricing is likely to encourage new capacity to flow into the sector, Goldman Sachs analysts warn.Following the January renewals, which proved largely flat across the market thanks to the European read the full article →
The January 2019 renewal of reinsurance and retrocession contracts was not a flat affair for everyone, as our sources suggest that those who held the line on pricing were rewarded with better rates and have in some cases built portfolios that promise higher returns as a result.If you're a largely read the full article →
Alternative reinsurance and retrocession capacity from the insurance-linked securities (ILS) and related collateralized markets is estimated to have remained flat at $91 billion at the end of 2018, while traditional reinsurance capacity rose slightly.Broker JLT Re made an early estimate that overall dedicated reinsurance sector capital grew by 0.6% to read the full article →
Insurance Australia Group (IAG), the Australian primary insurance group, has renewed its catastrophe reinsurance tower for 2019 at an expanded size of $9 billion of limit to cover increasing exposures, at renewal rates seen as largely flat.IAG places one of the largest catastrophe reinsurance programs each year and for 2019 read the full article →
One of the dynamics that has played out at this January reinsurance renewals is a shift by some of the leading ILS funds to place an increasing emphasis on their preferred or best performing cedants.After the significant losses of the last two years there is increasingly an awareness that just read the full article →