Analysts at rating agency S&P global ratings have noted that reinsurers feel they haven’t fully benefitted from their results, despite the global reinsurance pricing gains from the January renewals.
S&P Global RatingsAlthough this year’s renewal season started with high hopes, with many reinsurers having freshly raised capital, the price increases were below expectations, diminishing their hope of a strong start for 2021.
Although the reinsurance pricing trends are positive, it’s also the tightening terms and conditions that are important too, with an increased focus on communicable disease and silent cyber exclusions.
