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Property cat reinsurance pricing power to fall 5-10% at mid-year renewals

March 5, 2024

As per a report from analysts at BMO Capital Markets, a prominent reinsurance broking executive from Howden Tiger has suggested property-catastrophe reinsurance pricing power will fall 5-10% at mid-year contract renewals.

The comments from the Howden Tiger executive were reportedly made at the Association of Insurance and Financial Analysts (AIFA) conference, which took place on Monday the 4th of March.

Positively for re-insurers, BMO said that the same executive predicted that organic growth/demand will grow by low double-digits at mid-year due to a combination of underlying property-replacement cost inflation, population growth, etc.

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