TPRE - Reinsurance Hard Market To Last Till End Of 2021 (At Least): Jefferies
The current hardening cycle in the reinsurance market is expected to last until the end of 2021 by analysts at Jefferies, who also say the broad-based firming is now being seen in almost all lines of business globally.
One concern of analysts and market participants is a narrower hard reinsurance market, where only specific segments such as property catastrophe risk or commercial insurance see prices rise.
But this time around the hardening of prices appears to be expanding, likely assisted by the impacts and uncertainty related to the Covid-19 coronavirus pandemic, which leads the Jefferies