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.
Reinsurance rates are likely to rise by mid-teens at least at the next renewals as this will only just cover inflation and climate change related effects, with more needing to be added on top to cover cost-of-capital, analysts at Peel Hunt have suggested. The analysts noted that inflation has become "an read the full article →
Relatively strict asset allocation protocols could become a driver for some investors to downsize their allocations to insurance-linked securities (ILS), as broader macro-economic effects and capital marker volatility mean some allocations could have to be reduced, to stay within their defined thresholds. It's a good point raised by analysts at JMP read the full article →
Bringing together the capital markets and natural catastrophe risk in reinsurance, makes "deep economic sense", according to the CEO of Swiss Re, as leveraging ILS capital is a win-win-win for his company, Christian Mumenthaler explained in our recent interview. Christian Mumenthaler joined us for a new Artemis Live video interview just read the full article →
A true reinsurance hard market may be around the corner, particularly in US property lines such as coastal wind exposed towers, with inflation a key driver and expected to result in a need for as much as $20 billion of new capacity to soak up demand at the renewals. Already some read the full article →
Broking group Aon is expecting a strong chance for another record year of issuance in the catastrophe bond market, with the pipeline of potential deals that could get executed being as long as it has ever been for the firm. This is according to Andy Marcell, the CEO of Aon's Reinsurance read the full article →
Moses Ojeisekhoba, Chief Executive Officer, Reinsurance at Swiss Re explained this week that the reinsurer expects prices will rise at the end of year renewals, no matter what the structure being transacted is and that while its appetite for catastrophe risks continues to grow, the reinsurer will remain underweight Florida read the full article →
Bermuda headquartered reinsurance firm RenaissanceRe has added another hire to its third-party capital management Capital Partners team, with Preston Farrow joining as an Analyst. Farrow joined the RenaissanceRe Capital Partners team this month, adding depth to its analytical capabilities, specifically on the structuring side of its insurance-linked securities (ILS) and third-party read the full article →
Japanese fire insurance premiums, which are the prevalent type of homeowner and commercial insurance policy in the country, are likely to rise as insurers grapple with rising climate risks and the fallout of natural catastrophe losses, according to Moody's. This expectation could be a positive one for the reinsurance and insurance-linked read the full article →
Global reinsurance giant Swiss Re said this morning that more rate hardening is expected across the market, in order to accurately reflect higher risk exposures and growing demand for protection. The company said that it anticipates a rise in both demand and prices, with a continued uncertain environment, but also growth read the full article →
The traditional reinsurance market and alternative market, or insurance-linked securities (ILS), are far more aligned on price this year, with a difficult renewal season ahead, where capacity is expected to be an issue, according to Munich Re senior executive Torsten Jeworrek. Speaking today during a Munich Re briefing held in Monte read the full article →