Widespread concerns over the accuracy of Property Claim Services’ estimate for Hurricane Milton are leading to delayed renewal signings compared with past Decembers, according to KBW analyst Meyer Shields.

Property reinsurance pricing is expected to decrease by 5-10 percent at the 1 January renewals, despite short-lived optimism that hurricanes Helene and Milton would reverse the forecast decline in rates, according to JMP Securities' Matthew Carletti.

The CEO of WR Berkley expects property catastrophe pricing to drop 5 to 15 percent at the 1.1 renewals, which he suggested will lead to downward pressure on the primary market.

Oak Reinsurance has appointed former Lancashire executive James Irvine as chief underwriting officer for property.

Demex's modelled loss reinsurance product for severe convective storms aims to replicate the "look and feel" of traditional aggregate covers, chief risk officer Matt Coleman told this publication.

Hannover Re was the only one of the big four European reinsurers to not deliver a major surprise in its Q3 earnings, with profit warnings at Munich Re and Swiss Re and a life charge at Scor providing the main headlines from the quarter’s results.

The casualty treaty is a “nuanced” space but not in hard market territory, while property cat reinsurance is expected to become more competitive priced with strong appetite from reinsurers, according to Aon management.

Many Florida carriers’ increased reinsurance limits, combined with extensive primary rate increases, mean that they are in better shape for the hurricane season than they were previously, an analysis from rating agency KBRA has noted.

Hamilton Insurance Group sees a continued “favourable market environment” with attractive pricing and terms for property reinsurance and “increased opportunity” in casualty reinsurance, as well as strong E&S flow, CEO Pina Albo has commented.

Jetty has inked new reinsurance capacity deals with Fortegra and Allianz, with the two insurers sitting behind fronting carrier State National on all new policies written on the insurtech MGA’s flagship deposit and renters’ coverages.

Greenlight Re’s CEO has stated he is positive about his company’s portfolio and market conditions following a renewal season that was in line with expectations, although the Cayman Islands-based reinsurer is more “cautious in casualty”.

Lloyd’s insurer IQUW has promoted Robbie MacDonald to head of property.

IAG has purchased long-term natural perils volatility protection from Berkshire Hathaway and Canada Life Reinsurance providing up to A$680mn ($451mn) of limit annually for future events and a A$650mn adverse development (ADC) cover from Enstar to protect its A$2.5bn long-tail reserves for prior years.

Florida carrier Universal Insurance Holdings has secured a combined catastrophe reinsurance program with no material changes to historical reinsurance partners or terms and conditions in a placement that included “considerably more private market catastrophe capacity demand”.

As the sun sets on the third annual Bermuda Risk Summit,