RenRe’s $3bn Validus deal: global status soars, but volatility looms
Moody’s warns on volatility as RenRe ascends to top five P&C reinsurer with the deal.
Moody’s sees inflationary push-back to hard market reinsurance margins
European Big 4 - Munich Re, Swiss Re, Hannover Re & SCOR – may not see much loss ratio relief.
Insured losses from Turkey’s massive earthquakes to top $5bn amid $25bn economic toll
Losses in Syria are not even included in the estimates.
Barbados reinsurer Ocean Re ties up with Moody’s RMS
Ocean Re seeks to further grow in LatAm markets and expand presence across Asia & Europe.
SCOR warned of ‘high level of scrutiny’ with downgrade on ‘weakening profitability’
Moody’s is, however, bullish on its new CEO to turn around business with a new strategic plan.
Insurance to cover ‘relatively small’ fraction of ~$7bn California flood losses
California flood insurance stands at less than 2% – with a steady decline: Moody’s RMS.
Zurich ‘stronger and less volatile’ on turnaround in hard market
Zurich has made use of the hard market to improve its commercial insurance book: Moody’s
Reinsurance renewal rate hikes could extend into 2024: Moody’s
April and July renewal dates are certain to enjoy continued hard market conditions.
Moody's sours on pricing power, slashes global P&C outlook to negative
Few have the pricing power to combat low growth, high inflation and reinsurance pinch.
UK P&C outlook turns negative as inflation threatens margins
High inflation is pushing up P&C claims costs; commercial lines rate rises decelerating.