Reinsurers’ underwriting margins to expand due to price hikes: Fitch
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Reinsurers’ underwriting margins to expand due to price hikes: Fitch

Rachel Dalton
11 January 2023
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The strong price increases, revision of terms and reductions in cover at the 1 January renewal will mean reinsurers’ underwriting margins will expand by 4 percentage points on average in 2023, according to Fitch.

The ratings agency noted price increases in property reinsurance of 20%-60% following large cat losses in 2021 and 2022, with losses from Hurricane Ian contributing to the doubling of some pricing in the US.

Meanwhile,

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Rachel Dalton
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