Market Updates

> 2012

The 2012 Reinsurance Market: Changing Tides
01/01/2012  

Over the last twelve months, U.S. reinsurance programs with rate increases outnumbered those with decreases. In many areas, market minimum rates on line increased...More >>
 
 
> 2011

The Mid-Year 2011 Reinsurance Market: On "Uncertain" Ground
07/01/2011  

As recently as 2009, Holborn and other analysts reported that the industry had many billions more in capital than the level where reinsurers’ leverage ratios... More >>
 
 

The 2011 Reinsurance Market: Managing Exposures and Expenses
01/01/2011  

In 2010, reinsurance industry premium volume fell. Reinsurers posted profits and capital grew, with stable or moderate increases to loss ratios, and increasing expense ratios on lower volumes. Results show... More >>
 
 
> 2010

The Mid-Year 2010 Market
07/01/2010  

Last year, the reinsurance market rebounded from significant financial stress in 2008, with a high level of large loss activity and the financial market downturn. As with all other financial institutions, reinsurers were concerned about their ability to raise fresh capital, and this further reduced their risk tolerances. By year end... More >>
 

2010 Reinsurance Outlook: A Balanced Market
01/01/2010  

2010 Reinsurance Outlook: A Balanced Market January 1, 2010 HOLBORN PERSPECTIVES LOOKING CLOSER AT... Download Article Overview The reinsurance market showed a fair amount of stress at the beginning of 2009, following a high level of large loss activity and the financial market downturn in 2008. There were several large losses in the market, including Hurricane Ike, which we estimate as one of the three largest losses to the market ever. Reinsurers also... More >>
 
 
> 2009

The Mid-Year 2009 Market
07/01/2009  

The collapse of credit and equity markets cost reinsurers large capital losses in 2008 and early 2009. There were some losses in mortgage and bond insurance operations and professional liability lines, but underwriting results... More >>
 
 

The 2009 Reinsurance Market: Signs of Change
01/01/2009  

Reinsurance prices for U.S. ceding companies continued to fall into 2008, but began to rise by year-end. Moderate first-half profits and strong capital levels were key factors in reducing prices through mid-year 2008. Reinsurers’ earnings fell sharply later in the year... More >>
 
 
> 2008

The 2008 Hurricane Season
12/01/2008  

Hurricane Ike was the second largest U.S. natural catastrophe loss in nominal dollars and the sixth biggest loss relative to the size of the current economy. Holborn estimates that Ike caused roughly $20Bn of direct insured loss, including... More >>
 
 
> 2006

The 2006 U.S. Hurricane Season
12/01/2006  

The 2006 U.S. hurricane season had less than $250 million in reported insured losses. Of course, this decade has already set records for both storm activity and catastrophe losses, and we consider 2006 in that context. Holborn believes that the increases in insured hurricane losses are primarily due to... More >>
 
 
> 2005

Katrina: Market Insured Losses
09/21/2005  

Katrina is the largest insured loss ever seen in today's dollars. Even when measured as a percent of industry resources, it is the largest loss current professionals have seen, surpassing hurricane Camille in 1969 (Katrina at 10%+ of US P&C industry surplus vs. Camille at 8.5%). Neither of these events approach the impact of the 1906 San Francisco Earthquake. Katrina ranks among... More >>
 
 
> 2001

A Perfectly Ordinary Tuesday Morning
11/29/2001  

The World Trade Center. Four Square-block Site. Two 110-story buildings (#1 and #2). 50,000 occupants by 10:00 on an ordinary Tuesday morning. 12,000,000 square feet of office and retail space. VHF and FM broadcast antennas. "Windows on the World" restaurant-- and... More >>