H1 2024 Global Reinsurance Market Highlights: Reinsurer Revenue & Capital Growth
Global reinsurance market delivered strong results in 2024 with further improvement in underwriting profitability, exceptional ROEs and a continued building of capital
Reinsurance Sector
Reinsurance Sector, or insurance for insurers, is the practice of risk-transfer and risk-sharing between and amongst insurance companies. Treaty resinsurance involves one insurer buying broad coverage from a dedicated reinsurance issuer that covers all of the insured company’s policies.
For example, an insurance company might insure commercial property risks with policy limits up to $10 million, and then buy per risk reinsurance of $5 million in excess of $5 million. In this case a loss of $6 million on that policy will result in the recovery of $1 million from the reinsurer.
In this section, we have collected the most current articles and reviews on the topic of the Reinsurance Sector.
Global Reinsurance Capital: New Peak Reached in 2024
Aon estimates that global reinsurer capital rose by $25 bn to a new high of $695 bn over the three months to March 31, 2024
Global Reinsurance Market Report: Reinsurers’ Capital & Profitability
Global reinsurance groups reported a significant improvement in underwriting profitability and ROEs in 2023
2024 Reinsurance Renewals: Reinsurers Increasing Appetite for Catastrophe Coverage
Ahead of the January 2024 reinsurance renewals, reinsurers’ overall appetite for US regional property catastrophe coverage remains healthy
Reinsurance Rates for U.S. & Florida NatCat Policies: Renewal Trends
U.S. property catastrophe reinsurance rates rose by as much as 50% at a key July renewal date, with states such as California and Florida increasingly hit
Global Reinsurance Property Catastrophe Market Outlook
The past year and half have seen major changes in the global Reinsurance Property Catastrophe (CAT) market
Financial Performance of Leading Reinsurers in the Global Market
Aon’s Reinsurance Aggregate analyses the financial results of 19 reinsures that together underwrite more than 50% of the world’s life and non-life reinsurance premiums
How Global Aviation Re/Insurance Market Has Gone Through a Turbulence?
The aviation re/insurance market has gone through a turbulent few years, with the impact of the COVID-19 pandemic, geopolitical shocks and macroeconomic challenges
Global Non-Life Reinsurance Market Outlook by AM Best
AM Best has released the Market Segment Outlook: Global Reinsurance report on the outlook for global non-life reinsurance, maintaining a stable view
April Reinsurance Renewal by Regions: Market Moves to Stable Footing
April 1 is an important renewal for the Asia Pacific region, dominated by Japan, which is home to some of the world’s largest catastrophe reinsurance placements
Global Reinsurance Capital in 2023: Reduced Asset Prices Erode Book Values
New reinsurance capital formation is limited, and investors remain concerned about the impact of climate change and inflation
Global Reinsurance Industry Results: Capital & Underwriting Performance
Global reinsurance dedicated capital totaled USD 638 bn. When reported on an economic basis, solvency not only remained strong
Global Reinsurance Market 2024: Challenging Renewals & Realignment
Pricing cycles in the commercial insurance and reinsurance sectors are now converging, marked by price increase moderation overall for the former, albeit with strengthening
IAIS Reinsurance Market Survey: Premiums, Assets, Retention & Distribution
IAIS collected data on the global reinsurance market through annual Global Reinsurance Market Survey covered about 50 reinsurers based in nine jurisdictions
Reinsurance as a Mitigation Tool for Global Life, Accident & Health Market
Lapse reinsurance originally emerged as a capital optimisation solution following the implementation of Solvency II
Re/Insurance Underwriting Results. Drivers of Natural Catastrophe Loss Growth
Property reinsurance rates rose significantly at the renewals. The losses from Hurricane Ian last year were a contributory factor
Global Reinsurance Market – a Hardest Market for Last 30 Years
Seismic shifts in the macroeconomic environment – combined with geopolitical uncertainty and heavy natural catastrophe losses – led to a severe tightening of capacity
Climate Risk & Weather-Related Re/Insurance Industry Losses Review
Climate risk has once again been the catalyst for insurance and reinsurance market change. Major losses caused by extreme weather events in recent years
Global Reinsurance Market Faced a Very Complex & Frustrating Renewal
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
Commercial Insurance and Reinsurance Market Outlook 2024
Pricing cycles in the commercial insurance and reinsurance sectors are now converging, marked by price increase moderation overall for the former
Re/insurance Rate Hikes Should Spur Investor Interest in Reinsurance Sector
While insurers may have winced at the spike in property-catastrophe prices at the Jan. 1 renewals, the resulting rate hikes and new policy terms should spur investor interest
Global Reinsurance Capital Challenge in Natural Catastrophe
While there was sufficient capacity to meet the reinsurance needs of cedants at 1.1, it is also true that the amount of reinsurance capital being deployed was diminished in 2022
How Earthquakes in Turkey & Syria Impacts for Re/Insurance Industry?
According to Global InsurTech Report, 2022 has been a year of macro-realism (for many InsurTechs, investors and risk partners), micro company hardship
Bermuda Reinsurance Market Key Operating Data, Pricing & Terms
Bermuda reinsurers expected improved underwriting performance in 2024 will be driven by accelerating premium rates with a market reset in pricing
Reinsurance Market Dynamics: Lessons of a Hard Market & Future Capital Flows
The most challenging January 1 renewal in a generation as the reinsurance market underwent a fundamental shift in pricing and risk appetite
Global reinsurance market delivered strong results in 2024 with further improvement in underwriting profitability, exceptional ROEs and a continued building of capital
Cyber insurance market is set for outsized growth compared with other lines of P&C insurance over the coming 10 years. There is some concern about what factors must come together for growth
Artificial intelligence promises to revolutionize how P&C insurance business gets done. The exact ways AI will influence business are unknown
U.S. property and casualty (P&C) insurance industry achieved its best underwriting performance in over 15 years in 2024. The industry has turned a corner