Reinsurance
Reinsurance market slated for 6.5% annual growth until 2032
Thanks to reinsurers expanding into new markets.
6 days ago
Reinsurance market slated for 6.5% annual growth until 2032
Thanks to reinsurers expanding into new markets.
6 days ago
Will reinsurers see price increases in 2025?
Nearly a third of respondents predicted price hikes of more than 5%.
6 days ago
Primary insurers bear more risk in new reinsurance climate
NatCat losses in the first half of 2024 were driven by medium-sized events.
Miller strengthens reinsurance team with two new hires
One previously worked with Gallagher Re.
Investment stability anchors Taiping Reinsurance despite impairments
In 2023, TPRe recorded a net profit of $42.74m.
Cyclone pool cuts home insurance premiums by 10% in Australia
Insurance availability increased by 6% for average houses.
Reinsurance capital hits $766b, up 5.4%
Return on equity remained strong at 19.6%.
Reinsurers adjust costs, aerospace premiums unaffected
Market has remained competitive, driven by overcapacity and stable demand.
Swiss Re forecasts higher demand for reinsurance
Demand for property and specialty reinsurance is rising due to higher property values.
APAC reinsurers see combined ratio improve to 91.6%
Many are also expanding internationally to boost profitability.
Reinsurance capital to rise 9% to $620b in 2024
Risk appetites continued to improve through H1 2024.
Japan's insurance market tightens amidst increased disasters
Japan’s 3 major groups account for 86% of net premium income.
Howden Re cites severe weather, SRCC as major reinsurance losses
Challenges in casualty lines include risks from autonomous vehicles.
Reinsurers hit record $695b capital in June 2024
However, Aon predicts more pricing competition in 2025 for insurers.
Reinsurance sector to remain profitable through 2025
The sector achieved record profits in 2023 and the first half of 2024, said Fitch Ratings.
Reinsurers benefit from higher rates, restrictive policies
A slowdown in property reinsurance price hikes next year is still anticipated.
Reinsurers urged to discipline performance amidst casualty risks
Combined ratio forecasted to remain between 92% and 96% in 2024 to 2025.Â
Commentary
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