Reinsurance News’ Post

Overall, capacity was adequate for the completion of most programmes at the January 1st reinsurance renewals, and with dedicated reinsurance capital growth in the double-digits, it was a positive renewal, according to Dean Klisura, President and CEO of Guy Carpenter. #insurance #reinsurance

"AXIS’ reinsurance premiums ceded to investors rises 17% in 2023" This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. AXIS Capital, the Bermuda based specialty insurance and reinsurance company, has increased its activities with third-party investors in 2023, ceding 17% more in reinsurance premiums to them, than it had in the prior year. One of the drivers […] https://lnkd.in/gVzD4juU

A few signs emerged at the recent January 1st 2024 reinsurance renewals that bode well for protection buyers as we move through this year and into the next, as broker Aon highlighted that appetite is returning for some of the more challenged products and areas of the tower.

The June 1 and July 1, 2024, reinsurance renewals revealed sufficient capacity to meet increased demand, with an additional $5 billion available for US insurers covering catastrophe-exposed properties compared to last year, according to insurance and reinsurance broker Aon.

Following this year's #MiamiReinsuranceWeek, our CUO, Americas, Louis de Segonzac, shared his views on the state of the Latin American (re)insurance market, the impact of inflation, and how MS Reinsurance is working to proactively meet the needs of our partners in the region. Have a read and share your thoughts in the comments! #MSReinsurance #Reinsurance #ThoughtLeadership #LatinAmerica Reinsurance News

A sign we may see some premium relief in the second half of 2024 for property coverage. Reinsurance renewals in non-catastrophic geographic areas experienced a slight decrease in cost effective July 1st. #riskmanagement #propertyinsurance https://lnkd.in/eiY2v-ny

𝗕𝘂𝘆𝗲𝗿𝘀 𝗯𝗲𝗻𝗲𝗳𝗶𝘁 𝗼𝗻 𝗔𝗽𝗿𝗶𝗹 𝟭 𝗿𝗲𝗶𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗿𝗲𝗻𝗲𝘄𝗮𝗹𝘀 The April 1 reinsurance renewals were ‘more favourable’ to insurance buyers, according to Aon. Pricing was broadly flat for catastrophe reinsurance. Aon’s reinsurance Market Dynamics report said that market conditions since 1/1 favoured reinsurance buyers with a ‘dramatic shift towards property catastrophe reinsurance capacity’. https://shorturl.at/JLPR3 #reinsurance #insurance

Reinsurance Buyers Find ‘Smoother’ January Renewals With Ample Capacity: Carpenter Ceding companies are finding that a responsive reinsurance market has materialized for the Jan. 1, 2024 renewals – a reflection of ample capacity and a commercial approach to trading partnerships, according to Guy Carpenter, the reinsurance business of Marsh McLennan. Read the full report here: https://buff.ly/3vh61k5 #humano #insurance #januaryrenewals

𝗥𝗲𝗶𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲𝘀 𝗼𝗳 𝟮𝟬𝟮𝟯 ‘𝗵𝗲𝗿𝗲 𝘁𝗼 𝘀𝘁𝗮𝘆’ – 𝗟𝗹𝗼𝘆𝗱’𝘀 𝗰𝗵𝗶𝗲𝗳   The restructuring of property reinsurance contracts during 2023 to increase attachment points and tighter terms is ‘here to stay’, says Lloyd’s chief of markets Patrick Tiernan. Reinsurers ‘weren’t getting paid’ before 2023, Tiernan says. As widely reported, 2023 was a year of rate hardening in reinsurance. Rates have stabilised for primary insurers in 2024. The reinsurance rating and stability was forecast in AdvantageGo’s 2024 reinsurance renewals report, https://bit.ly/3Hq6Dqk. https://shorturl.at/kPuZC #reinsurance #insurance #londonmarket

Guy Carpenter addresses market outlook for January 2025 reinsurance renewals In a recent update pre #RVS2024, ICMIF Supporting Member Guy Carpenter said it believes the #reinsurance market to be characterised by reinsurers’ strong profitability in 2024 and growing #capitalisation, which the global #risk and reinsurance specialist expects to continue into 2025. Examining the current data on the reinsurance market’s capital positions, Guy Carpenter and another of ICMIF’s Supporting Members AM Best said they jointly project a 9% increase in dedicated reinsurance capital, rising to USD 620 billion in 2024. “The market has ample capacity and reinsurers are motivated to engage with cedents,” said Dean Klisura, President & CEO, Guy Carpenter. “Our clients are seeking to differentiate themselves in this marketplace and leverage key strategic trading relationships.” Read the article in full: https://lnkd.in/e2kcrM2J #Insurance #InsuranceIndustry #Renewals #JanuaryRenewals Katie Brewer Patrick O'Toole Jennifer Ainslie