After a terrible year for insurance losses, the global reinsurance industry is now celebrating.
Over the past ten years, global reinsurance rates have been pushed ever lower thanks to the low cost of capital, and demand from investors seeking improved returns on their cash. Money flooding the industry has forced down rates, and returns as well.
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However, following 2017, it looks as if 2018 will be a more productive year for the industry. There are already signs that price hikes are starting to take effect.
Swiss Re is one of the most significant players in the reinsurance sector. For 2017, the company estimates that the industry as a whole will have a combined ratio of around 115% for...
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