Hurricane losses and poor investment returns force up prices
Reinsurance prices will leap up at the 1 January renewal round as a result of the $25bn (£17bn) of hurricane losses, the FT reports.
In an analysis, the FT says reinsurance prices will rise because:
- losses from hurricanes Gustav and Ike
- the erosion of capital by weak stock and bond markets
- turbulent stock markets and constraints on borrowing making it difficult for reinsurers to replenish their balance sheets
- conditions hampering the start-up of new reinsurers.
The FT quotes Munich Re, Willis, Aon and Brit Insurance.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
