Monte Carlo Reinsurance Rendez-Vous news

After double-digit price declines this year, respondents to a survey have indicated they expect property reinsurance rates will most likely tumble a further 7.5% to 15% in 2027, Moody’s Ratings data shows.

With the catastrophe bond market consistently tapping into new and emerging perils, Jason Bolding, Global CEO of Gallagher Securities revealed to us in an interview at the Monte Carlo Rendez-vous event, that Gallagher Securities is currently working on a transaction for a peril that’s never been done before in the market.

For the insurance-linked securities (ILS) market, one of the most promising findings of Moody’s Ratings annual survey of reinsurance buyers is that 28% of respondents said they anticipate increased use of alternative capital sources in 2027.

Reinsurance giant Swiss Re has highlighted how growing natural catastrophe risk remains a significant driver of reinsurance demand, as insured nat cat losses continue to follow a 5–7% annual growth rate, driven by increasing exposures, rising asset values and changing hazard patterns.

Ariel Re, the Bermuda headquartered global reinsurance firm, remains constructive on the outlook for the cyber insurance-linked securities (ILS) market, with Dan Carr, Head of Cyber at the firm, emphasising that as cyber portfolios continue to grow as the risk further escalates, this will allow alternative capital to become a more important part of the […]

Analysts from KBW see the influx of capital into the casualty reinsurance market through insurance-linked securities structures as negative for reinsurers, while on the property catastrophe side they caution that rate softening often tends to be more pronounced than the headlines from the RVS suggest.

Munich Re, one of the world’s largest reinsurance companies, has underscored that the value of reinsurance has never been more evident than it is today, as risks continue to become more global and volatile.

Over the past decade, the insurance-linked securities (ILS) market has expanded significantly, while keeping its global talent footprint remarkably lean. According to 20Twenty Search Advisor Jason Sykes, this streamlined operational structure shields ILS professionals from the widespread cost-cutting affecting traditional re/insurance, pointing to a bright future for talent in the sector.

As investor and issuer interest in catastrophe bonds remains high following a record-breaking first half of the year for cat bond issuance, Hiscox Capital Partners is leveraging decades of traditional reinsurance relationships to navigate an increasingly crowded ILS market, Vincent Prabis, Managing Principal of Hiscox Capital Partners told Artemis.

Retrocession is back in fashion as market conditions evolve across reinsurance and rating agency S&P believes retro buying is set for a comeback, as reinsurers recognise favourable pricing and conditions for protection, while looking to manage their catastrophe limits in a softening market.