Baden-Baden is where the real reinsurance pricing negotiations start for the 1 January renewals and Guy Carpenter is suggesting 2016 will see greater rate 1. reductions than predicted at Monte Carlo at -10%+. However, we also note increasing talk of a floor in pricing being reached/getting close. We fear we may be another 12 months away from this becoming reality as, ahead of the main January renewal season, prices are once again under pressure thanks to the low level of cat losses seen to da
23 Oct 2015
Reinsurance truths hurt at Baden-Baden
Hiscox Ltd (HSX:LON), 1,245 | Lancashire Holdings Limited (LRE:LON), 618 | Novae Group (NVA:LON), 0 | Beazley Plc (BEZ:LON), 665
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Reinsurance truths hurt at Baden-Baden
Hiscox Ltd (HSX:LON), 1,245 | Lancashire Holdings Limited (LRE:LON), 618 | Novae Group (NVA:LON), 0 | Beazley Plc (BEZ:LON), 665
- Published:
23 Oct 2015 -
Author:
Joanna Parsons -
Pages:
3
Baden-Baden is where the real reinsurance pricing negotiations start for the 1 January renewals and Guy Carpenter is suggesting 2016 will see greater rate 1. reductions than predicted at Monte Carlo at -10%+. However, we also note increasing talk of a floor in pricing being reached/getting close. We fear we may be another 12 months away from this becoming reality as, ahead of the main January renewal season, prices are once again under pressure thanks to the low level of cat losses seen to da