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Retro pricing mismatch to be major challenge

Rates on loss-hit catastrophe retro accounts surged as much as 30 percent at 1 January, according to Willis Re.

Catrin Shi, 02 January 2018
Loss-hit US nationwide cat accounts up 5-10% at 1.1: Willis Re

Reinsurers failed to achieve the sought-after magnitude of rate increases at the 1 January renewals, but they will benefit from an improved trading environment in the year ahead, according to Willis Re.

Iulia Ciutina, 02 January 2018
Early take: 1 January renewals

Reinsurers are reflecting on what has been a disappointing renewal season, with most business showing only modest rate increases for clients without losses.

Adam McNestrie, 02 January 2018
Insurance M&A tally in 2017 rises to $57bn: WTW

Global insurance M&A rose 16 percent last year to $57bn according to Willis Towers Watson (WTW) Securities.

Laura Board, 02 January 2018
After 1.1

The broad shape of the 1 January renewals is now clear. And although there is a bull case to be made around casualty and an uptick in elements of primary pricing, the outcome is broadly disappointing for a reinsurance market still disproportionately reliant on property to make money.

Adam McNestrie, 02 January 2018
AIG revamps reinsurance buying as it adds $2bn agg

AIG bought a new $2bn aggregate catastrophe cover and a new international catastrophe treaty at 1 January as it followed through on a commitment to lay off more risk to the reinsurance market, The Insurance Insider can reveal.

Adam McNestrie, 02 January 2018
Qatar Re closes in on Markerstudy

Qatar Re is in advanced discussions to take over the UK motor insurer Markerstudy, The Insurance Insider can reveal

Adam McNestrie, 02 January 2018
Pioneer expands marine underwriting

Pioneer Underwriters has recruited an ocean marine insurance head in the US, as its Lloyd’s syndicate opens for business.

Bernard Goyder, 02 January 2018
Opinion: The partially full glass

We gave our early take on the renewals on Friday

Adam McNestrie, 02 January 2018
Reinsurers ‘unsuccessful’ in seeking meaningful rate rises

Reinsurers expecting to achieve significant rate increases in the 1.1 renewals have been disappointed, according to Willis Re.

Adam McNestrie, 02 January 2018

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