Centro de Documentacion de Fundación MAPFRE - Global (re)insurers' financial results for the first nine months of 2022 : despite increased loss activity in Q3, combined ratios remain strong at 9M, but investment markets weigh on ROE and...

MAP20220036054

Global (re)insurers' financial results for the first nine months of 2022 : despite increased loss activity in Q3, combined ratios remain strong at 9M, but investment markets weigh on ROE and shareholders' equity. — New York City : Gallagher Re, 2022

13 p.

Sumario: The (re)insurers which we track reported average year-on-year premium growth of 13% at 9M 2022, with the strongest increase coming from the Global Reinsurers (+18.2%). Premium increases by Hannover Re (28.9%), Munich Re (25.9%), and SCOR (19.9%) were supported by growth in traditional treaty and structured reinsurance business and benefitted from an FX tailwind due to the strong U.S. dollar (all three report in Euros). In addition to organic growth, Intact's 25.4% increase in premium at 9M 2022 was supported by its acquisition of RSA's Canadian and UK operations. 17 out of the 25 companies in our data set reported year-on-year double-digit premium growth at 9M 2022. Earnings call commentary on pricing was similar to the half-year position; commercial lines continue to benefit from rate increases, albeit at a slowing pace, and margin expansion is typically expected into 2023. Personal lines business is much more challenged with several management teams noting that higher rate increases are needed to outpace claims inflation

1. Reaseguro . 2. Mercado de reaseguros . 3. Evolución del reaseguro . 4. Perspectivas del seguro . I. Gallagher Re . II. Título.