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Property cat pricing to drift lower at Jan renewals but still attractive for reinsurers: Moody’s Ratings

Moody’s Ratings expects reinsurance supply and demand to favor buyers at the key renewal date of January 1, 2026, with property catastrophe reinsurance pricing likely to fall by around 15%, depending on region and risk. After reaching a high in 2023 following the so-called post-reset, property catastrophe reinsurance pricing has been declining throughout 2025, with…

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BMS expands into India with new strategic partnership

BMS Group has announced a strategic partnership with Berns Brett India, marking its expansion into the Indian market, and the local entity will be renamed BMS (India) Ltd, pending regulatory approval. Nick Gillett, chief executive of BMS International, commented: “BMS’s regional investments from Turkey to India demonstrate our focus on these exciting growth areas and…

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Jefferies flags further property pricing deterioration after mild hurricane season

Jefferies analysts warned in a new note that risk-adjusted pricing will deteriorate further, with a mild hurricane season likely to trigger a 10-15% decline. Analysts say property risk-adjusted rates turn negative at renewal on January 1, 2025, and reinsurance brokers/carriers mostly indicate mid-single-digit declines will worsen to about 5-10% at renewal in mid-2025. Jefferies experts…

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