Rates
-
Retentions and coverage could be affected by future adverse claims trends.
-
The Corporation is walking a tightrope between encouraging further growth whilst maintaining discipline.
-
The executive said that adequate rates were encouraging insurers to grow.
-
Attention is fixed on how competition will impact pricing in H2.
-
Underwriters are pushing for rate rises, but competition is increasing.
-
The broker said softening was emerging in some lines, but cat risks remain challenging.
-
Falling rates in finpro and increased competition in property drove the trend.
-
The ratings agency also affirmed the reinsurer’s A- FSR rating.
-
Property rate increases decelerated to 6% in Q4, compared to slowdowns of 7% in Q3 and 10% in Q2 2023.
-
Sources said that the market was not sufficiently profitable to concede ground on pricing.
-
The flight of reinsurers to mid- and upper layers of programmes is influenced by recent experience but softening at this level can be seen as a risky move.
-
European rates on line increased by 7.60%, while in the US prices were up 5.25%.
-
The broker’s report also hailed the best risk-adjusted margins for ILS investors in a decade.
-
The broker said over-placement on some deals was a positive sign for brokers, though reinsurance capacity is still very tight in some areas.
-
Reinsurers are making some adjustments to secure target signings but appetite to grow is finely balanced.
-
Sources said that there was still rating adequacy in the market, but that further pricing falls would be unsustainable.
-
Anticipations of a tug-of-war around a ‘flat to slightly up’ pricing renewal have indeed come to fruition.
-
Profits are expected to widen thanks to improved rates and higher average attachment points.
-
Delegates at our annual London Market Conference (LMC) described the market as “transforming” and “exciting”.
-
The revision reflects Swiss Re's "strongly improved financial performance and better capitalisation and leverage”, the ratings agency said.
-
Does one party – the carrier or the cedant – have to lose out for the other to succeed?
-
London’s insurance market is booming in some ways yet still has multiple challenges to address.
-
The ratings agency said the change reflected its expectation that the carrier would post improving underwriting results in the next two years.
-
The mood at the association’s annual meeting is vastly more congenial this year, but challenges remain, particularly around long-tail lines.