Brian Schneider – Senior Director in Fitch Ratings’ North American insurance rating group
Brian C. Schneider is a Senior Director in Fitch Ratings’ North American insurance rating group. He joined Fitch in October 2000 after the merger of Duff & Phelps Credit Rating Co. (DCR) and Fitch IBCA in June of that year. Brian serves as head of Fitch’s global reinsurance sector and has coverage responsibilities for property/casualty companies.
Previously, Brian spent eight years in the insurance industry in various corporate finance functions including capital management, internal reporting, investment accounting, and treasury. Most recently, he worked for CNA Financial Corporation in Chicago as a manager of capital planning and risk assessment with responsibilities for capital allocation and capital adequacy.
Brian earned a BS degree in finance and accounting with highest honors from DePaul University and an MBA in finance and econometrics with honors from the University of Chicago. He is a Certified Public Accountant (CPA), a Chartered Property Casualty Underwriter (CPCU) and an Associate in Reinsurance (ARe). Brian is a member of the Illinois CPA Society.
Global reinsurers’ profitability will remain strong in 2025 despite lower risk-adjusted prices for most business lines when reinsurance contracts were renewed on 1 January
Reinsurers are likely to push for double-digit increases in U.S. casualty premium rates during the January 2025 renewals. This move aims to address higher loss costs
More than 50% of the 81 respondents think global reinsurers will raise prices in January reinsurance 2025 renewals, continuing recent increases driven by high claims inflation
Reinsurers will push for double-digit increases in U.S. casualty premium rates when policies come up for renewal in January 2025 to keep up with higher loss costs
Global reinsurance groups are cutting back on the cover they provide against medium-sized natural catastrophe risks due to investor pressure after several years
The global reinsurance industry reached a tipping point during the 2024 renewals as their bargaining power vis-à-vis their cedents moved substantially in reinsurers’ favour
