Reinsurance price rises likely remain on the cards after reset  – Insurance News

Frustrating and gruelling negotiations leading into last January’s reinsurance renewals remain fresh in the memory as the industry prepares for upcoming discussions, with early expectations suggesting further price increases but an overall smoother process.  Briefings and reports have been released around the Rendez-Vous de Septembre annual gathering in Monte Carlo, which has followed less fraught … Read more

Hong Kong floods may impact reinsurance renewals  – Insurance News

Hong Kong flooding that’s been described as a 1-in-500-year event may have implications for the upcoming reinsurance renewals, AM Best says.  Remnants of Typhoon Haikui bought torrential rain to Hong Kong and the Pearl River Delta area including China’s Guangdong Province and Macau earlier this month.  Hong Kong’s weather station at the observatory headquarters recorded … Read more

Reinsurance price increases ‘not yet sufficient’: Hannover Re  – Insurance News

Reinsurers have put the case for further reinsurance price rises at the January renewals as the industry prepares for annual negotiations following the Rendez-Vous de Septembre event in Monte Carlo.  Hannover Re says ongoing geopolitical uncertainties, the increasing frequency and severity of natural catastrophe losses as well as inflation rates and social inflation support further … Read more