reinsurance rates News

Industry Experts Say Matthew Won’t Reverse Declining Reinsurance Rates

Hurricane Matthew will have a limited impact on the years-long decline in rates for reinsurance, according to industry representatives, who predict primary insurers will push back against price increases at the start of 2017. “I expect a strong likelihood for …

Reinsurers Expect Double-Digit Price Declines Amid Merger Frenzy

The world’s largest reinsurers are anticipating even bigger price declines when policies are renewed in 2016 than envisaged a month ago as a flurry of takeovers in the industry fails to absorb some of the excess capital. Reinsurers and brokers …

Insurance M&A Drops to Four-Year Low, Clyde & Co. Report Shows

Global merger and acquisition activity among insurers dropped 29 percent in the year through June as falling pricing and lower investment returns tempered demand, according to law firm Clyde & Co. Some 362 transactions were completed from July 2012 to …

Lloyd’s CEO Ward Says Big Disaster Won’t Boost Reinsurance Rates

Even a major disaster would be unlikely to push up reinsurance prices given the amount of capital currently available to back policies, said Richard Ward, chief executive officer of Lloyd’s of London. “What is going to change the rate movement? …

Reinsurance Executives See Struggle to Boost Rates in 2014 Talks

Reinsurers may fail to increase rates they charge primary carriers for their backstop coverage when they begin price talks for 2014 in Monte Carlo this week. “I expect the market staying flat to ticking down, on the absolute premium,” Amer …