Reinsurance buyers saw plenty of capacity for the mid-year renewals as demand for property catastrophe reinsurance ramped up and reinsurers saved their best pricing for loss-free accounts, according to broker reports. “Despite an active first half for natural catastrophe losses, mid-year renewals experienced a broadly competitive environment as reinsurers, ILS markets and new entrants sought...
Insurance experts often examine how outside trends, reforms and movements in the larger economy affect the insurance marketplace, and businesses should follow suit to determine the factors that may impact their coverage. For 2025, there are a host of sweeping market developments to consider. Extreme Weather Events Extreme weather events—such as hurricanes, tornadoes, hailstorms and...
This year’s January reinsurance renewals were described by brokers as “stable,” “predictable,” “orderly,” “calmer,” “disciplined,” with “increased appetites” and a return to supply/demand balance. What a difference in tone from last year’s grueling January renewals. “In a marked change on a year ago, the supply of property catastrophe reinsurance capacity at the January 1 renewal was...