Search
 

Reinsurance Market Stable, But Carriers Warned About Downward Pricing Pressure

Major industry players gathered here from around the world to talk deals in the midst of a dynamic reinsurance market whose outlook is generally stable--although that could change in a hurry with the

By Caroline McDonald | Updated on September 16, 2007

Major industry players gathered here from around the world to talk deals in the midst of a dynamic reinsurance market whose outlook is generally stable–although that could change in a hurry with the downward pressure on prices, rating agencies here warned.

Peter Grant, a director with Standard & Poor’s in London, said that with a combined ratio of 90 and persistent discussion of falling premiums–often in the range of 5-to-10 percent–”you add three-to-six percentage points for claims inflation and see how easy it is for the industry to go from a banner year to a disappointing performance.”

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.