Posts tagged as:

renewal

Renewals Report card Jan 2009

by Jolyon on 7 January, 2009

Willis offer an assessment of how the reinsurance industry is surviving the credit crunch. Key points:
1. Reinsurers’ balance sheets have stood up pretty well, especially compared to the parlous situation in the capital markets.
2. Access to capital is going to remain tight, so reinsurers are being cautious about risk exposure.
3. So prices are going [...]

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Reinsurers to benefit from rate hikes

by Jolyon on 8 December, 2008

Citi analyst Joshua Shanker said reinsurers might get rate increases of as much as 10 percent for 1/1 renewals.
Shankar cited the following factors:
* investment losses,
* large storms,
* accumulated casualty loss trends and
* financial difficulties faced by several of the industry’s largest commercial insurers and reinsurers
as explaining the position, to which I would also add [...]

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