Sunday, May 28, 2023
HomeEconomyReinsurance rates to rise in 'mid single digits' - S&P Global

Reinsurance rates to rise in 'mid single digits' – S&P Global

LONDON (Reuters) – Reinsurers are likely to raise premiums to ‘100% in the key renewal season’ on Jan. 1 given pressures from inflation, the Ukraine war and capital market volatility, analysts at S&P Global said. Mid-single digit” percentage range (NYSE: SPGI) said Tuesday.

“We do expect interest rates to continue to rise,” Ali Karakuyu, chief economist for S&P Global Insurance, told a media briefing.

“The rate increases will vary depending on the segment you’re looking at, but on average, I’d say mid-single digits.”

Reinsurers such as Swiss Re (OTC: SSREY), Munich Re and Lloyd’s of London help insurers share disaster risk in exchange for a portion of the loss premium.

Reinsurance company holds annual meeting in Monte Carlo next week, first meeting since 2019 Pandemic.



Please enter your comment!
Please enter your name here


Featured NEWS