According to S&P Global, reinsurance companies achieved higher-than-expected price rises at the Jan. 1, 2022 renewals. In past years, reinsurers had conceded lower rate increases for property-catastrophe cover than they originally anticipated. The Jan. 1, 2022 season was different.

Simon Hedley shared his thoughts on capacity in his recent discussion with S&P Global.

From the article: “While it is unclear how the constrained retrocession capacity would affect reinsurance rates going forward, "it is underpinning resolve at the very least from reinsurers" on the prices they are charging, said Simon Hedley, CEO of reinsurance broker Acrisure Re.

Visit S&P Global to read the full article.

Important Information:

For additional information, please visit our website at Acrisure.com. Products or services identified herein may not be available in all jurisdictions. The information and descriptions contained herein (a) are not necessarily intended to be complete descriptions of all applicable terms, conditions, and exclusions of the policies referenced, (b) are provided solely for general informational purposes, and (c) should not be viewed as a substitute for legal, regulatory, or other advice on any particular issue or for any particular reason. The advice of a professional should always be obtained before purchasing any insurance product or service, and you should not rely on the information provided herein for the prevention or mitigation of risks or as a full and complete explanation of coverage under any insurance policy. While the information contained herein has been compiled from sources believed to be reliable, no warranty, guarantee, or representation, either expressed or implied, is made as to the correctness or sufficiency of any representation contained herein.

© Acrisure, LLC. All rights reserved.