rates

Renewal rates for property catastrophe reinsurance programs underwritten by Bermuda based reinsurers have been rising at 1st June according to research from analyst firm Keefe, Bruyette & Woods Inc. In a recent trip to Bermuda the firm saw rates rising by an average of 8% to 12% and they say the outlook is for ‘ongoing […]

Capital raising by Bermudian reinsurers has been in the news frequently over the past few weeks as they seek to raise capital and capacity to take advantage of a capacity squeeze after the disastrous start to the year and capitalise on the possibility of rising rates. Renaissance Re have become the latest to announce an […]

The prospect of higher reinsurance rates is beginning to seem more of an inevitability as reinsurance firms and industry experts suggest that rate rises are already being seen in some regions of the world and expected to start soon in others. A.M. Best report today that re/insurers are preserving capital in anticipation of higher rates […]

You would be forgiven for thinking that the recent spate of catastrophes and natural disasters had left re/insurers sobbing quietly as they contemplated the prospects of an unprofitable year in 2011. That’s not the case though, as recent quarterly reports have shown many re/insurers predicting the return of rising reinsurance rates this summer.

Guy Carpenter has released its annual World Catastrophe Reinsurance Market 2010 report this morning. The report looks at the catastrophe reinsurance market during 2010 so far, the disasters which have happened and any significant market events. Of course catastrophe bonds get a mention as does Solvency II. The press release from Guy Carpenter is below:

In a report published by Bloomberg today, Hannover Re are quoted as saying they are stepping back from the catastrophe bond market for the moment due to the associated costs with bringing a new transaction to market. Hannover Re board member Ulrich Wallin is quoted as saying that the three recent cat bond deals (post […]