HVRRF - Good Reinsurance Market Conditions To Prevail Despite Jan. 1 Price Drop
2025-01-29 05:38:00 ET
Summary
- The reinsurance industry will continue to be profitable even though prices fell at the Jan. 1 renewals, according to brokers.
- This is the first time property-catastrophe rates have fallen at Jan. 1 since 2017. Prices were expected to soften in the run-up to the renewals.
- Although the industry was hit by a range of natural catastrophe losses in the fourth quarter, such as hurricanes Helene and Milton in the US, 2024 will likely prove to be another positive year for reinsurers.
- Market conditions remain attractive for investors, with new reinsurers forming and various investment options available, despite a volatile and competitive environment.
- For three of the Big Four reinsurers, analysts are expecting lower returns on average equity in 2024 compared with 2023, according to consensus estimates from Visible Alpha.
The reinsurance industry will continue to be profitable even though prices fell at the Jan. 1 renewals, according to brokers....
Good Reinsurance Market Conditions To Prevail Despite Jan. 1 Price Drop