Markel’s Post

Live from RVS 2024: Reinsurance Market Insights from the CEO of Hiscox Re & ILS Kathleen Reardon shares outlook on reinsurance rates, capital trends, and Hiscox Re & ILS's strategy heading into the January 1st renewals. Watch the interview here:http://spr.ly/6040Wlsz8 In Partnership with Hiscox #InsuranceInsidernews #insurance #reinsurance #InsiderOnAir

🎥 Monte Carlo RVS preview (Part 1): All eyes on impact of casualty deterioration on deal structures It's almost that time of year when the reinsurance industry descends on Monte Carlo for the start of the all-important 1.1 renewal discussions. https://lnkd.in/gbaC8kej George Abbott | Sophie Roberts | David Bull | James Thaler #TheInsurerTV #ReinsuranceMonth #RVS2024 #renewals #reinsurance #reinsuranceinterview #reinsurancemarket #reinsurancenews

In case you missed it: Helene & Milton combined insured loss seen at up to $55bn by Moody's RMS Event Response - Reinsurance News Read more here: https://hubs.la/Q02TPQ0s0 #HurricaneMilton #ReinsuranceNews #Reinsurance #Synergy2

Acrisure Re CEO, Simon Hedley, recently shared his insights in an Insurance Insider virtual roundtable discussing the factors that will shape market conditions in 2025. The conversation with senior reinsurance industry leaders highlighted an uncertain and complex outlook, with many variables at play. What will drive the future of the reinsurance market? Discover his insights here: https://lnkd.in/e6HgDzgc #RVS2024 #MonteCarlo #Reinsurance

#knowledgesharing RIP(Reinstatement premium)-The purpose of reinsurance is to provide coverage to the direct insurer for losses that it may incur from the policies it underwrites.However like anything else this 'coverage' too can be exhausted.In Non Proportional Reinsurance for example,the cover provided decrease by the amount of loss that the direct insurer recovers from its reinsurers.What happens then if the original limit of cover is used up? the reinsurers will allow the reinsured to have the original limit reinstated once it's fully or partially used up by a loss. Reinstatement can either be limited or unlimited and can also be free or come at cost.When the reinstatement is at a cost, the additional premium paid is known as reinstatement premium. #reinstatement #reinsurance #knowledgehub

Interesting - Cyclone Reinsurance Pool considering introducing a 'mitigation discount...for eligible strata policies'. Better get in quick with comments though, consultation closes 26 July: https://buff.ly/4cEKQtn #stratasolve #strata #bodycorporate #ownerscorporation #stratainsurance #cyclones #nq

In case you missed it: Helene & Milton combined insured loss seen at up to $55bn by Moody's RMS Event Response - Reinsurance News Read more here: https://hubs.la/Q02TP-Jb0 #HurricaneMilton #ReinsuranceNews #Reinsurance #Synergy2

Dr. Marcus Winter, President & CEO, North America (P&C Re) discusses the property and casualty reinsurance market with the Insurer. Topics include property market demand, portfolio diversification and the flight to quality. Read more: https://lnkd.in/dSEEE2GK #reinsurance #propertyandcasualtyinsurance #MunichReUS

Aon's recent report on reinsurance market renewals highlighted a return to stabilized renewals for both insurers and reinsurers compared with January 2023. Carrier Management went into detail on the market dynamics detailed in Aon’s Reinsurance Market Dynamics – January 2024 report. Read more here: https://aon.io/3U3GZPO #BetterDecisions

A more competitive marketplace at mid-year renewals and increased appetite from both traditional reinsurance and ILS is creating downward pressure on pricing for US insurers, including Florida specialists that saw rate cuts for the first time in three years, according to Aon. Ahead of publication of its June/July reinsurance report on 1 July renewals – key for insureds in the Americas, Australia and New Zealand – Aon said generally positive mid-year reinsurance renewals saw rate reductions for property catastrophe risks as well as improving terms and coverage. 👉https://ow.ly/UvbL50SrUuN #reinsurance #renewals #catastrophereinsurance Aon