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.

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Carriers warned to expect pressure from rising reinsurance costs by A.M. Best

Primary insurance carriers are facing rising reinsurance costs and rating agency A.M. Best warns them to expect this to become an added pressure to their earnings, but not to increase their risk profiles by using less of it.While the insurance industry has been profitable in recent years and many primary read the full article →

Investors seek “reinsurance pricing story” (but it’s already baked into shares)

Investors in traditional reinsurance companies are anticipating that the end of year renewals will reveal a "reinsurance pricing story" and this has already been baked into share prices, meaning reinsurers that fail to hold out on rates could risk disappointing their shareholders.Analysts from Barclays say that European reinsurers, including the read the full article →

Swiss Re’s reinsurance sidecar Sector Re nears $1.1bn in size

Global reinsurance company Swiss Re has significantly increased its use of alternative or third-party investor capital within its collateralised retrocessional reinsurance sidecar vehicle Sector Re Ltd., taking the vehicles total assets to close to $1.1 billion this year.In fact, Swiss Re's sidecar vehicle Sector Re has increased in size by read the full article →

Market more positive on pricing than prior year, survey shows

The results from our second global reinsurance market survey reveals a more positive sentiment towards pricing ahead of the upcoming January 2020 renewals.Artemis has again collaborated with traditional reinsurance focused sister-site, Reinsurance News, to test the temperature of the global reinsurance market ahead of the January 1st renewals and beyond.After read the full article →

Constrained retro ILS capacity at 1/1 to impact premium growth plans for some

With retrocessional reinsurance capacity expected to be constrained at the January 2020 renewals, particularly collateralised from the insurance-linked securities (ILS) market, some reinsurers and in particular Lloyd's players may have to rethink their premium growth plans, analysts have suggested.This is because retrocession has been particularly cheap in recent years, while read the full article →

Everest Re’s new CEO Andrade sees retro & third-party capital opportunities

Everest Re's new and incoming CEO Juan C. Andrade sees a range of opportunities presented by current market conditions, among which are increased use of third-party reinsurance capital and also underwriting in the retrocession market.Everest Re held a series of analyst meetings this week, with Andrade taking a lead role read the full article →

Higher reinsurance costs may boost ILS use among carriers: A.M. Best

In a market environment where reinsurance capital increasingly wants to be paid a higher return for the risks it takes on, there is a growing chance that primary insurance carriers look to the capital markets, insurance-linked securities (ILS) and alternatives, according to A.M. Best.U.S. homeowner insurers have benefited from particularly read the full article →

ILW demand rising, prices could soar for Japanese wind triggers

Indicative pricing for Japanese wind exposed industry-loss warranty (ILW) backed retrocessional reinsurance protection have risen significantly in response to the now consecutive years of heavy Japan typhoon losses, as well as nervousness over where current loss estimates will be finalised.At the same time, we're told demand for ILW capacity covering read the full article →

Everest Re’s premiums & losses ceded to Mt. Logan Re both rise in Q3

Global insurance and reinsurance group Everest Re has ceded both increased premiums and losses to its Mt. Logan Re Ltd. collateralized reinsurance sidecar-like vehicle in the third-quarter of 2019.The Everest Re 10Q details the level of underwriting premiums ceded to Mt. Logan Re, a figure that has been steadily on read the full article →

Loss creep, AOB & climate change seen as biggest challenges: Survey

The biggest challenge to the market over the last 12 months has been the impact of loss creep from prior year events, while the threat of climate change is increasingly on the minds of industry participants, according to the results of our second global reinsurance market survey.For the second year read the full article →