Analysis

Reinsurance Rates Likely To Rise Due To Disasters, Demand

By Angela Childers (November 24, 2021, 2:48 PM EST) -- Demand for reinsurance continues to grow as primary insurers grapple with large payouts from natural disasters, which experts predict will lead to significant rate hikes in the sector that ultimately may boost profitability.

Fitch Ratings predicts that 2021 will be one of the most expensive years for reinsurers, due in part to damage to insured property caused by wildfires in California. (AP Photo/Marcio Jose Sanchez) Capital in the global reinsurance market is estimated to be nearly $660 billion, but recent significant catastrophic events have led to substantial losses in the industry, according to a report from Aon PLC.

Fitch Ratings predicts...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!