Expectation of higher reinsurance rates is rising
Monday, 10 09 2017, Category: Insurance and Reinsurance, Country: World
The expectation that reinsurance & ILS rates will increase at the forthcoming January renewals is rising, as execs in the sector digest losses they face and the impact of trapped ILS collateral. The highest rate rises are anticipated in retrocession markets, as a significant chunk of retro capacity is assumed to be either paying out or locked in.
As the ramifications of the recent catastrophe events and the aggregation of losses across them sinks in, an increasing number of calls for price increases are being heard, from both the traditional and alternative sides of the industry.