January reinsurance renewal rates expected “below stable”
Friday, 09 16 2016, Category: Insurance and Reinsurance, Country: World
The January 2017 reinsurance renewals are likely to see pricing and rates coming in below the stable levels that have been forecast by a number of large re/insurers, according to analysts at KBW reflecting on what they learned at the 2016 Monte Carlo Reinsurance Rendez-vous.
“We suspect that 1/1/17 reinsurance renewal pricing will come in modestly below the “stabilization” that several large reinsurers (optimistically, we think) projected ahead of the Rendez-Vous,” lead analyst Meyer Shields writes in an update on what the KBW analyst team took away from Monte Carlo in 2016.
Slow and steady deterioration of reinsurance rates in January seems to be the message that many came away from Monte Carlo with.