Research

Willis Re 1st View April 2018: Subdued markets — lively M&A

April 1, 2018
| Bermuda, India, Japan +3 more
  • South Korea
  • Puerto Rico
  • United States
Issued three times a year, this publication delivers the very first view on current market conditions within the reinsurance industry, covering the changes in pricing levels and conditions experienced by Willis Re brokers and product experts.

Key findings

Aerial view of snow in a cityscape
  • 1 April renewals saw the continuation of a broadly flat pricing environment
  • Rapid reload of insurance-linked securities funds following initially overstated Hurricane Harvey, Irma and Maria losses
  • Continued capital oversupply despite 2017 losses
  • Some modest increases in reinsurance purchases allied to underlying growth delivering real premium growth
  • Dynamic change in reinsurance mergers and acquisitions; large primary carriers have re-entered the reinsurance market, driven by disruptive competition in personal lines and profitability challenges in life insurance
  • Insurance companies continue to assess the impact of reinsurance buying to support earnings and capital management, with the value of reinsurance seen as higher than it has been in recent years

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