Renewals for reinsurance as of Jan. 1, 2017, are showing a moderation in declining prices, according to reinsurance specialist Guy Carpenter. (Photo: iStock)

The decline in reinsurance pricing moderated at the January 1, 2017 renewal across most classes of business and geographies, as compared to the past three renewal seasons, Guy Carpenter & Company, LLC, global risk and reinsurance specialist and wholly owned subsidiary of Marsh & McLennan Companies reported today.

Several sectors faced increased losses, which had only a localized impact on pricing, Guy Carpenter reported, while capacity remained plentiful. According to calculations by Guy Carpenter and A.M. Best, after remaining fairly stable in 2015, dedicated reinsurance capital increased by 5 percent from Jan. 1, 2016 to Jan. 1, 2017. The convergence capital segment increased by 10 percent.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.