Retrocession
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At last reinsurance pricing seems to be succumbing to hardening forces within the US market. -
Reinsurers lift price expectations while cedants come to market ready to make concessions.
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Property reinsurers seem to be preparing to draw the battle lines on Covid-19 claims around T&Cs.
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The purchase follows the 2019 launch of the Lion Rock Re sidecar.
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Active underwriter says pricing, retro conditions and casualty crisis will play out in MAP 2791’s favour.
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Hannover Re takes a key role alongside leader Munich Re in the world’s largest terrorism retrocession placement.
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The scheme’s main retrocession programme, the world’s biggest terrorism reinsurance placement, will likely increase from last year’s £2.3bn.
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The company said it had “dusted off” its pillared Purple product.
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The executive told analysts that reinsurance rates are starting to climb in certain areas, offering opportunities.
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A striking feature of this year’s 1 January renewal has been the changing approach to aggregate retrocession covers.
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A round-up of reinsurance renewals news plus the best of the rest from the past seven days.
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Broker’s 1.1 report notes uptick in rates for property cat and non-marine retro.
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