Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

19 May 2012

Capital erosion drives 1/1 reinsurance rate hikes

12 February 2009

Global reinsurance prices firmed at the key January renewals as an abnormally high catastrophe loss year in 2008 and asset losses on(re)insurers' balance sheets shrunk capital supply and increased demand in certain lines.

While overall reinsurance rate increases at 1/1 were modest with Guy Carpenter noting global property and casualty (P&C) up an average 8 percent, specific natural catastrophe, P&C and retro classes saw marked increases.

In a preliminary report, Munich Re reported some price increases of over 100 percent...

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