Cat reinsurers broadly optimistic about mid-year renewal pricing: KBW

Catastrophe reinsurers attending the AIFA 2020 conference remain broadly optimistic about mid-year renewal pricing, with some estimated increases approaching 50% for the Japan-focused 4/1 renewals, according to analysts at Keefe, Bruyette & Woods.

In addition, roughly 20% increases are expected for the Florida-focused 6/1 renewals, with the delta reflecting Japan’s significant prior- and current year losses since 4/1/19, and the Japanese market’s perceived focus on longer-term relation...