Reinsurers Will Increase in U.S. Casualty Premium Rates in 2025
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 Industry” focuses on the worldwide market for reinsurance. Reinsurance involves insurers transferring portions of their risk portfolios to other insurance companies, known as reinsurers, to reduce their financial exposure.
This category covers key topics such as market trends, industry developments, and regulatory changes affecting reinsurance. It also examines the roles of major global reinsurers, the impact of economic and geopolitical factors on the market, and advancements in technology that influence reinsurance practices. The content provides insights into how reinsurers manage risk, adjust to evolving conditions, and contribute to the stability and growth of the global insurance sector.
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
Since the war began, global reinsurers have bundled risks from Ukraine, Russia, and Belarus, excluding them from reinsurance contracts. This has reduced available capital and hindered economic stability
The positive reinsurance market outlook comes from de-risking as much as pricing with changes in terms and conditions, rising attachment points and tightening of wording
ILS market remains a significant capital source for reinsurers in 2024. Alternative capital estemated at $110 bn, with the catastrophe bond market growing to $45 bn
In 2024, global reinsurer capital, including both alternative and traditional sources, has reached peak levels. Reinsurer capital stood at $695 bn as of mid-2024, marking a $25 bn increase
While the reinsurance industry faces challenges, such as geopolitical and economic uncertainty, its biggest threat is losing relevance. 2024 has been another year of volatility
Global reinsurance market delivered strong results in 2024 with further improvement in underwriting profitability, exceptional ROEs and a continued building of capital
Mid-year reinsurance renewals have further consolidated the positive trends at 1/1 and 4/1, setting the stage for a more competitive reinsurance market in 2025
Insurance-Linked Securities Overview. Insurers and reinsurers leveraged alternative capital in 2023 more than any year in the history of the (re)insurance market
Global reinsurance groups reported a significant improvement in underwriting profitability and ROEs in 2023
Fitch revised global reinsurance sector outlook to ‘improving’ from ‘neutral’ to reflect the sector’s strengthening performance into 2024
The emerging impacts of climate change are increasingly felt across the re/insurance industry, with much uncertainty ahead. But the industry now has a chance to transform
AM Best has released the Market Segment Outlook: Global Reinsurance report on the outlook for global non-life reinsurance, maintaining a stable view
Global reinsurance dedicated capital totaled USD 638 bn. When reported on an economic basis, solvency not only remained strong
Seismic shifts in the macroeconomic environment – combined with geopolitical uncertainty and heavy natural catastrophe losses – led to a severe tightening of capacity
For the global reinsurance industry, activities in 2023 and renewals for 2024 were set against a backdrop of significant economic and geopolitical uncertainties
Global reinsurance market has faced a very late, complex and in many cases frustrating renewal 1/1. Two areas of most constraint were peak-zone US property catastrophe
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
The global reinsurance market has endured a complex and in many cases frustrating renewal process which has gone down to the wire, according to the 1st View January
M&A transactions in the global reinsurance sector will be limited into 2023 amid investor concerns over macroeconomic risks and heightened catastrophe losses