-
Tom Wakefield says there is scope for opportunistic reinsurance purchases in 2026. -
The pricing battle has been played out but the extent of new demand will only show up in 2026.
-
The influx of capital, combined with a quiet wind season, led to favorable conditions for cedants during 1.1 renewals.
-
Price has become a key differentiator in marine and energy.
-
Cedants pursued property renewals “aggressively” amid excess reinsurer capacity.
-
The market is conceding some ground on wordings, after a tightening of conditions post-Ukraine.
-
Global insurance premiums reached an all-time high of $15.3bn by year end 2024.
-
All-risks premium increases are now understood to be in the 15% to 20% range.
-
The chief of market performance urged underwriters not to follow the herd.
-
Despite 2025 losses, carriers have not secured desired rate increases.
-
Willis reports that the mining market has softened at a ‘considerable rate’ this year.
-
The sector also faces a potential $700mn loss from a fatal Indonesian mining catastrophe.
