Insight and Intelligence on the London & International Insurance Markets

25 February 2018

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Positive rate momentum at 1.1 but capacity glut continues

John Hewitt Jones 13 February 2018

US property claims from third quarter catastrophes and the sudden change in the UK's personal injury discount rate helped to nudge up reinsurance rates at the 1 January renewals.

However, the wave of money from insurance-linked securities (ILS) and alternative capital dampened price increases, limiting rate hikes to low-single digits.

Preliminary renewals commentaries issued by Munich Re, Hannover Re and Scor indicated that hurricanes Harvey, Irma and Maria had only a moderate impact on rates.

Elsewhere, rates on motor liability...

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This article was published as part of issue February 2018/2

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