RenaissanceRe

The Inside P&C research team looks forward to the big issues of the new year.

As negotiations begin to pick up heading into January reinsurance renewals, a clear contrast has emerged among executives between the profitability and availability of capacity across the property and casualty markets.

Reinsurers take stock of a changing catastrophe landscape and plot contradictory courses.

James River stock tumbles, Brown & Brown slips, RenRe sees modest gains on Q3 results.

The executive said social inflation, fraud, and other loss drivers have driven up the cost of storms, and contributed to model miss.

The reinsurer grew GWP by 55% – to $1.77bn – helped by a surge in reinstatement premiums, but the company was weighed down by $727mn in net cat claims.

The figure – which included $440mn in losses from Hurricane Ida and $210mn from severe flooding in Europe – exceeds the $617mn in claims in the third quarter of 2017.

From ESG to social inflation, systemic risk to cat risk, we highlight some of the top discussions from this year’s four-day virtual conference.

The Inside P&C Select Index outperformed the S&P 500 (5.7% to 2.9%) in August, despite Hurricane Ida making landfall.

The drivers that led to the consolidation in the reinsurance industry might not replicate for a while.

Good news may be temporary, no matter how good it is.

With surging capital supply, a hybrid model will continue to be a value creator in the reinsurance space.