HVRRF - Reinsurers Unimpressed On Rates So Far Forecast Acceleration Into 2020
Major reinsurance firms are unimpressed with the way rates have responded to recent catastrophe loss years so far, but with another set of losses in Japan they hope for the frustrations to give way to more positive pricing momentum in 2020.
Speaking at S&P Global Ratings 2019 Bermuda Reinsurance Conference last week, a number of industry CEOs explained that the way rates have responded to industry losses has disappointed them so far.
During a panel discussion, John Jenkins, CEO of SCOR Americas P&C Reinsurance, said, "We've seen a very slow, unsatisfactory acceleration of reinsurance pricing