Rates

Early reporters emphasised an ongoing demand for structural change.

Winter storms in the first half of 2022 are expected to result in claims totalling EUR1.4bn.

Reinsurers and brokers alike have warned of a rocky 1 January renewal process ahead as the industry grapples with multiple issues including inflation, climate change and geopolitical uncertainty.

The reinsurer is working to find the right inflation indicators for individual client portfolios.

The ratings agency predicts a combined ratio of 95.2% for the companies on its watch this year.

The broker said some reinsurers were planning for significant growth in property catastrophe as demand is expected to pick up pace.

A report warns that recent rate increases may not be enough to protect against headwinds.

A Moody’s survey of reinsurance cedants found most are expecting cat rate increases to remain in a high-single-to-low-double-digit bandwidth.

Demotech wrote to more than 15 carriers to warn of a possible downgrade last month.

The Florida senator described the agency’s market influence as “deeply troubling”.

The start-up’s top team predicted further rate hardening at 1 January.

Joe Petrelli said Demotech would continue to follow its independent methodology, despite outside pressure.