Hurricane Matthew will have a limited impact on the years-long decline in rates for reinsurance, according to industry representatives, who predict primary insurers will push back against price increases at the start of 2017. “I expect a strong likelihood for …
Germany’s Munich Re and Hannover Re expect stable reinsurance prices in their home market next year, cushioning the blow from a slide in prices on world markets. Munich and Hannover, the world’s largest and third-largest reinsurers respectively, pointed to billions …
Hannover Re, the world’s third- largest reinsurer, said it expects higher rates for insurance and reinsurance in Germany following this year’s flooding and hailstorms, which led to the most costly claims in 30 years. “In view of the considerable losses …