Reinsurance pricing momentum to be carried forward in 2020: S&P
Analysts at S&P Global Ratings believe that the positive reinsurance pricing momentum seen at the recent January renewals is likely to be carried forward into the other upcoming renewals in 2020.
According to S&P data, global average rate increases were in the low-to-mid single digits in aggregate at the 1/1 reinsurance renewals.
In general, there was no reinsurance capacity constraint but it was neither cheap nor easily available in certain cases.
Global property catastrophe r...