Rates
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The influx of capital, combined with a quiet wind season, led to favorable conditions for cedants during 1.1 renewals. -
Cedants pursued property renewals “aggressively” amid excess reinsurer capacity.
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Global insurance premiums reached an all-time high of $15.3bn by year end 2024.
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Investor interest is warming up following a colder spell over the past several years.
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While rates have “definitely come down,” they were coming off a high base, Rachel Turk said.
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Terms are expected to hold, underpinning the stronger recent performance of reinsurers.
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Dedicated reinsurance capital is on track to increase by 8% in 2025, the broker said.
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Last year marked the second consecutive year in which carriers made a positive return.
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The reinsurer’s chair said cat pricing reductions are at a “miniscule level”.
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The model becomes the second in the state to get approval to affect ratemaking applications.
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The investment consultancy said yields increased in Q2 by less than could have been expected.
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The cost comes in at $530.6bn, roughly $20mn lower than budgeted.
