Market still in for profitable 2025 despite 1/1 renewal falls

A report from Fitch Ratings has said that reinsurers will still see a healthy 2025 for profits despite a lacklustre 1/1 January renewals period this year, which saw prices fall.

The perseverance of profitable times will be good news for investment teams at reinsurance as the industry has already faced a harsh start to the year with the catastrophic fires in California.

Sluggish economic outlooks in many countries, particularly in Europe, and unease over Donald Trump’s economic agenda have also led to concerns over the sector’s profitability in recent times.

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