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.
AIG CEO Peter Zaffino explained today that he anticipates property catastrophe reinsurance renewals at January 1st 2025 will be disciplined, but he is not expecting reinsurers to lower attachment points for insurers.
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Everest Group’s CEO Juan Andrade said yesterday that his company is anticipating a firming of property catastrophe reinsurance rates in North America and Europe at the 1/1 January 2025 renewals, given the recent catastrophe loss activity experiences.
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Welcome to Artemis’ 2024 Monte Carlo Rendezvous Executive Roundtable, in which nine expert speakers from across the insurance-linked securities (ILS) space discussed the sustainability of current market conditions and returns, investor sentiment, potential growth areas, and more.
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Losses from hurricanes Helene and Milton are expected to support the stabilization of property catastrophe reinsurance pricing going into the key January 2025 renewals, Moody’s Ratings expects.
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The broadly diversified portfolio of insurance-linked securities (ILS) and reinsurance investments managed by pension investment firm PGGM on behalf of end-client the Dutch pension PFZW, delivered a 5.8% return for the third-quarter, lifting year-to-date returns to 11.7%.
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Global reinsurance giant Munich Re is anticipating continued rising demand for protection across Europe, but at the same time the company cautions on the need to remain disciplined and hold onto gains made in pricing and terms at the renewals.
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Commenting on its expectations for the end of year reinsurance renewals in Germany, Hannover Re’s German subsidiary E+S Rückversicherung AG has said that it expects demand for property catastrophe reinsurance to rise further, while risk adjusted price and term improvements are also expected.
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Analysts in the J.P. Morgan European equity research team have said that if hurricane Milton’s industry impact comes in between $20 billion and $40 billion, they “don’t see Milton driving a reinsurance market turn” in 2025.
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John Doyle, the President and CEO of Marsh McLennan, parent company to reinsurance broker Guy Carpenter, said just now that because of the recent hurricanes, an impact is expected on property insurance and reinsurance pricing for 2025, while he also said that the catastrophe bond market is expected to see elevated issuance over the coming […]
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PGGM, the Dutch pension investment manager has allocated $200 million to a new quota share structure named Scenery Re on behalf of its end-client the Dutch pension PFZW, with the vehicle managed by Everest specialist unit Mt. Logan Capital Management, Ltd. (MLCM).
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