Insurance Rate News

Third Point Re CEO and president Robert Bredahl has told analysts that while reinsurance rate declines had ended, it could be 24 months before pricing reaches a new high

Hannover Re CEO Ulrich Wallin has told analysts and investors that he expects retrocession prices to increase across the board at 1 January.

With the Californian wildfires reported to now be almost entirely contained, a clearer picture of the impact on the industry is starting to emerge

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Regular ILS sponsors USAA and XL Catlin have topped up their cat bond cover in the first transactions completed after the 2017 hurricane losses, with pricing on the deals showing an increase in rates.

Names-backed syndicates took advantage of plummeting capacity prices to buy back some of their stamp in the first round of 2017 auctions

AM Best has ratcheted up the pressure on AmTrust by placing key ratings on review with negative implications after revising the carrier's outlook downward in February.

Retro renewals testing the market in the wake of HIM, quake and wildfire losses seem to indicate rate rises in the 20-35 percent range, The Insurance Insider understands.

Farmers' $1.8bn catastrophe reinsurance programme looks set to price up by around 25 percent after the insured warned its panel that it expects to pass on $1bn of claims from the California wildfires, The Insurance Insider can reveal

Hiscox is seeing price corrections of between 10 percent and 50 percent "and sometimes more" on loss-affected and loss-exposed US property lines, the company said in an interim management statement today.

North American commercial insurance buyers should brace for a market correction in 2018 led by property cat in the wake of this year’s active hurricane season, according to broker Willis Towers Watson.

Prices plunged in the first day of the Lloyd's capacity auctions as a glut of capacity was dumped on the market following a series of major post-loss pre-emptions