TPRE - Double-Digit Reinsurance Price Increases May Extend Into 2021: Fitch
The reinsurance market may enjoy further double-digit price increases at the renewals in early 2021, but with capital now flowing into the sector, Fitch Ratings warns that this will inevitably halt the rate momentum.
The good news is that reinsurance rates are catching up with the primary market, resulting in a more balanced pricing environment that may prove more sustainable this time around.
Fitch Ratings highlights the numerous factors driving reinsurance rates, saying that "pressure from large property losses, increased liability losses, higher retrocessional pricing and persistently low interest rates" plus the "significant losses expected