Reinsurers’ underwriting margins to expand due to price hikes: Fitch
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

Reinsurers’ underwriting margins to expand due to price hikes: Fitch

Rachel Dalton
11 January 2023
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
Fitch Ratings.png

The strong price increases, revision of terms and reductions in cover at the 1 January renewal will mean reinsurers’ underwriting margins will expand by 4 percentage points on average in 2023, according to Fitch.

The ratings agency noted price increases in property reinsurance of 20%-60% following large cat losses in 2021 and 2022, with losses from Hurricane Ian contributing to the doubling of some pricing in the US.

Meanwhile,

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Take a free trial Already a subscriber? Login now

Topics

RenewalsNews
rachel dalton 2024 ii ils 2.png
Rachel Dalton
Lead Reporter
Contact
Gift this article