Volatile markets see 50-55% renewal of catastrophe reinsurance

Global events such as the war in Ukraine, fractured energy markets, 40-year high inflation, interest rate hikes, depleted capital and Hurricane Ian have all contributed to the current reinsurance market being the "hardest property-catastrophe reinsurance market in a generation." According to re/insurance broker Howden, this has led to significant volatility and massive reinsurance rate increases at its Jan. 1st renewal. Approximately 50-55% of catastrophe reinsurance is renewed each January due to this convergence of global events. Read more >>> January Renewals See Hardest Property Catastrophe Reinsurance Rates in Generation (insurancejournal.com)