A message for the rating agencies One of the key elements of the rating process is ‘competitive position’, which for reinsurers refers to their ability to attract and retain business in a tough market place. The rating agencies understandably tend to believe that ‘pricing power’ is vital
Read more →Since the disappointing pricing at the 1.1. renewal the bad news on reinsurance pricing has kept on coming. April, June and July renewals were all reported as materially down by the major brokers. S&P adopted a ‘negative trend’ in its reinsurer ratings in direct response to the
Read more →In the investment banker ‘101’ playbook for cyclical industries the reinsurance industry has arrived at the page marked ‘weak pricing due to too much competition; sell M&A services to our clients’. This, if you are a banker, can be a very nice place to be. Less so
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