Despite the rate increases that have already been achieved across catastrophe exposed property insurance and property catastrophe reinsurance, it is the view of most reinsurers that property cat pricing is still insufficient, according to Amwins.
Amwins, the insurance origination and distribution specialist, believes that while some areas of the reinsurance market may soon soften, if they aren’t already, property catastrophe risks is one area set to remain hard.
There have been no dramatic market changes in property reinsurance of late, Amwins notes, but there has been some overall moderation in treaty reinsurance renewals and facultative buying, the company explained.
