Reinsurance: rating agencies expect satisfactory performance

Standard & Poor's maintains a stable outlook for the global reinsurance market.

According to the rating agency, international reinsurers reaped the benefits of favorable market conditions in 2023, underpinned by rising rates and improved investment income. S&P expects reinsurance companies' profitability to remain at satisfactory levels in 2024 and 2025.

For its part, Moody's has upgraded its outlook for the sector from stable to positive. This decision was prompted by rising rates and tighter market conditions.

Having reduced their exposure to natural catastrophe risks, reinsurers could gradually return to this line of business in 2024.

Negotiations for the 2025 renewal campaign began in Monaco at the Rendez-Vous de Septembre (RVS) which is taking place from 7 to 11 September 2024, and will continue in October at the Baden-Baden meeting in Germany.