Reinsurance has Learned, Market Shows First Signs of Hardening

Reinsurance has Learned, Market Shows First Signs of Hardening

The reinsurance market has pictured its first signs of strengthening.

Due to the fact that most US insurance carriers are well capitalised, the US property renewals prices are seen to be rising at the all important 1/1 renewal date.

On the 24th December early indications showed the EU catastrophe reinsurance has turned to a slight increase, considering the same programs showed a decrease of 15 per cent the previous year this is a significant development. On the negative side the US D&O insurance is softening 5 per cent this is the lowest seen in the past 20 quarters.