Most Popular Reinsurance Headlines This Year
The most viewed headlines from our Reinsurance Topic Page over the last year.
#1 A Return to Balance: Brokers Say Reinsurance Renewals Were ‘Stable’
Jan 3 2024 // This year’s January reinsurance renewals were described by brokers as “stable,” “predictable,” “orderly,” “calmer,” “disciplined,” with “increased...
#2 Reinsurance Buyers Find ‘Smoother’ January Renewals With Ample Capacity: Carpenter
Dec 29 2023 // 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...
#3 Reinsurance Association Releases Paper on California Homeowners Insurance Market, Urges Policymakers Consider Risks of Inaction
Sep 5 2023 // The Reinsurance Association of America has come out with a white paper on the California homeowners insurance market that urges policymakers consider the risks of inaction. The paper, “Dynamics and Challenges in...
#4 Castle Key Defends 53.5% Condo Rate Hike, Blames Reinsurance, Ian, Rapid Growth
Feb 22 2024 // When Allstate’s Florida unit, Castle Key Indemnity Co., entered the surging condominium insurance market in 2020, it looked like it had made a smart bet: Within two years, the carrier had added no fewer than 123,000...
#5 Munich Re Again Tops List of 50 Largest Reinsurers With Swiss Re at No. 2: AM Best
Aug 23 2023 // Munich Re holds onto the top spot in AM Best’s annual ranking of the top 50 global reinsurance groups for 2022, with Swiss Re coming in as the second-largest reinsurer — for the third year in a row. These two...
#6 Appetite for Cat Exposures Returns; Reinsurers Stay Disciplined in Mid-Year Renewals
Jul 6 2023 // Capacity was more readily available during the mid-year renewals, which brokers described as “orderly,” in comparison to the turbulent January renewals. At the same time, prices saw some moderating trends while...
#7 Casualty Reinsurance Renewals See Modest Price Hikes Despite Social Inflation: AM Best
Feb 15 2024 // Reinsurers in general maintained adequate capacity for casualty programs, despite concerns about social inflation and some recent reserve strengthening actions, according to a report from AM Best. For reinsurers, a...
#8 Federal Reinsurance Backstop for Catastrophes: APCIA Says No Thanks
Jan 16 2024 // Federal lawmakers introduced a bill to create a federal natural catastrophe backstop recently, reacting to insurers’ issues with growing private reinsurance costs. But a trade group for carriers suggested that a...
#9 AM Best: Idalia Will Put Pressure on Underwriting Results, Could Tighten Reinsurance
Sep 1 2023 // Hurricane Idalia, with estimates of insured losses as low as $2 billion, will nonetheless affect underwriting results for a number of carriers, the AM Best financial rating firm said in a report released...
#10 Reinsurers Cautious About US Regional Property Cat as Storm Losses Rise: Gallagher Re
Nov 22 2023 // After a costly 2023 severe convective storm season in the US, reinsurers underwriting in the regional property catastrophe market are skeptical about providing frequency cover, but their overall appetite remains healthy,...
#11 Reinsurance Market Likely to Begin Softening in 2025 as Capacity Rises in 2024: Fitch
Jan 25 2024 // Reinsurers’ underwriting margins are expected to peak in 2024 on the significant price rises and tighter terms and conditions achieved during 2023 and in the January 2024 renewals, which will likely lead to softer...
#12 AXA Weighs Offloading $2B Reinsurance Arm to Cut Exposure to Disasters: Sources
Jul 12 2023 // One of the world’s top insurers is mulling offloading its property reinsurance business in a bid to cut its exposure to natural disasters like hurricanes, according to three people familiar with the matter. French...
#13 Florida Reinsurance ‘More Orderly’ as Defense Costs Begin to Ease, Analysts Say
May 24 2023 // With the June 1 reinsurance renewals a week away, the outlook for Florida-based property insurers may not be quite as dire as many had predicted earlier this year, at least according to a top official with one of the...
#14 China Construction Bank Sued in US Over Reinsurance Fraud Losses
May 10 2024 // China Construction Bank Corp., the nation’s third-largest commercial lender, was accused in a US lawsuit of enabling a massive fraud in the reinsurance industry that left companies with “monumental...
#15 Allstate’s Florida Company Defends 54% Condo Rate Hike. Blames Reinsurance, Hurricane, Rapid Growth
Mar 18 2024 // When Allstate’s Florida unit, Castle Key Indemnity Co., entered the surging condominium insurance market in 2020, it looked like it had made a smart bet: Within two years, the carrier had added no fewer than 123,000...
#16 KBRA: Florida Insurers Got Creative in 2023 but Higher Reinsurance, Storms Coming
Dec 13 2023 // Things are looking up in the buffeted Florida market, but reinsurance rates will continue to rise for the next two years, and a 2024 hurricane season could be busy. It all suggests that property insurers will continue to...
#17 Brookfield Reinsurance Completes Buy of Argo Group; Snyder Named Argo CEO
Nov 16 2023 // Brookfield Reinsurance’s $1.1 billion acquisition of Argo Group International Holdings has been completed and Jessica Snyder was appointed chief executive officer of Argo. Snyder succeeds Thomas Bradley, who...
#18 Why the Investor-Driven Hard Reinsurance Market Will Persist in 2024
Jun 29 2023 // Reinsurers will continue to command adequate rates for property-catastrophe in 2024, even if the market comes through hurricane season unscathed, reinsurance company executives said. Kevin O’Donnell, president and...
#19 Will S&P Change ‘Negative’ Reinsurance Outlook to ‘Stable’ in 2023?
Jul 14 2023 // While no one directly asked the question of this article’s headline at the S&P Global Ratings June annual insurance conference, the prospect that an outlook change is near came into view during the industry...
#20 From Disorderly to Orderly Reinsurance Renewals – What a Difference a Year Makes
Sep 21 2023 // One of the themes at this year’s reinsurance Rendez-Vous de Septembre (RVS) was that reinsurers have rediscovered client need, client interest and have again started to put clients at the center of conversations,...
