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Power Re Insights

Analysis of the global and Latin American reinsurance markets, plus technical primers, updated regularly.

RE Lexicon

REspect: respect as a business value

Respect is how Power Re treats every counterparty, with integrity and candor, even when we say no.…

2026-07-09Read →
RE Lexicon

REsults: results with discipline

Results, for Power Re, mean profitable, risk-adjusted performance, never premium volume for its own sake.…

2026-07-09Read →
RE Lexicon

REsponsiveness: speed as a service

In facultative reinsurance, a fast and clear answer is itself a service. Responsiveness is a Power Re differentiator.…

2026-07-09Read →
RE Lexicon

REsponsibility: stewardship of the promise

Responsibility is Power Re’s stewardship of capital that must be there years from now, when the claim arrives.…

2026-07-09Read →
RE Lexicon

REsilience: strength through the cycle

Resilience is the ability to endure soft and hard markets alike without abandoning discipline.…

2026-07-09Read →
RE Lexicon

SecuRE: security as the product

SecuRE captures what a reinsurer ultimately sells, financial strength and the certainty that claims will be paid.…

2026-07-09Read →
RE Lexicon

CoRE: focus as an advantage

CoRE is Power Re’s deliberate specialization in Group Life and Personal Accident, depth over breadth.…

2026-07-09Read →
RE Lexicon

CultuRE: discipline you can see

CultuRE is the everyday behavior of documentation, honest challenge and technical rigor at Power Re.…

2026-07-09Read →
RE Lexicon

CaRE: partnership, genuinely

CaRE is client-centricity in practice, treating a cedant’s problem as our own.…

2026-07-09Read →
RE Lexicon

MeasuRE: rigor in every number

MeasuRE is the actuarial backbone of Power Re, pricing and reserving grounded in data, not hope.…

2026-07-09Read →
RE Lexicon

AssuRE: reliability you can plan around

AssuRE is the dependability that lets cedants and brokers build their own plans on top of ours.…

2026-07-09Read →
RE Lexicon

FutuRE: building to last

FutuRE is Power Re’s orientation toward the region’s next cycle, not this quarter’s result.…

2026-07-09Read →
RE Lexicon

EnduRE: permanence as a promise

EnduRE is the long-term orientation that turns a young reinsurer into a lasting franchise.…

2026-07-09Read →
Market

Rate-Adequate, According to Whom: The Monte Carlo Consensus and the Latin American Renewal

The Rendez-Vous de Septembre closed in Monte Carlo on 9 September with a carrier consensus that pricing remains rate-ade…

2026-09-22Read →
Technical

The Modelled Year and the Experienced Year: Pricing to USD 171 Billion in a USD 46 Billion Half

Verisk’s 2026 Global Modeled Catastrophe Losses Report, published on 1 September, raised the global insured averag…

2026-09-20Read →
Market

Flexibility Arrives First in the Wording: Life and Accident Capacity in Latin America Before the January Renewal

Trade reporting on 14 September recorded the first signs of reinsurers giving ground on terms and conditions rather than…

2026-09-16Read →
Market

Nineteen Point Nine, or Thirteen Point Eight: Reinsurance Earnings Quality Before the January Renewal

Gallagher Re’s September market report puts total dedicated reinsurance capital at a record USD 688 billion, up 5 …

2026-09-10Read →
Latin America

Life and Health Is the Demand Story: Reading AM Best’s September Latin America Report from a Group Life Desk

AM Best published its September 2026 Latin America market segment report on 7 September, describing a market still firml…

2026-09-07Read →
Latin America

Three Points of Ceding Commission: Why Latin America’s Softening Will Not Appear in Any Rate Index

AM Best holds its Reinsurance Market Briefing at the Rendez-Vous de Septembre on Sunday 6 September, with rate adequacy …

2026-09-04Read →
Market

Record Capital, Record Returns, and a Warning About Wording: Reading the Market on the Eve of Monte Carlo

Gallagher Re put total dedicated reinsurance capital at a record USD 688 billion at 30 June 2026, up 5 percent in six mo…

2026-09-02Read →
Ratings

Where a Reinsurer Is Licensed Is Becoming Part of Its Credit Story: The Barbados Capital Review, Fitch’s 2027 Verdict, and a USD 144.5 Billion Alternative Market

The Barbados Financial Services Commission has outlined plans to revisit capital and solvency requirements, reinsurance …

2026-08-31Read →
Market

The Half-Year Scoreboard: Record Reinsurer Earnings, a New Top 50, and What Resilience Really Buys

Swiss Re reported first-half 2026 net income of USD 2.8 billion, up 9 percent, with a property and casualty combined rat…

2026-08-28Read →
Market

The Benign Half-Year: USD 44 Billion in Catastrophe Losses, USD 790 Billion in Capital, and the One Line Still Growing

Munich Re put global insured natural catastrophe losses at approximately USD 44 billion in the first half of 2026, below…

2026-08-25Read →
Latin America

The Only Deteriorating Outlook in the Region: What Mexico’s VAT Reform Does to a Technical Account, and Why Growth Is Diverging Across Latin America

Fitch Ratings assigns a deteriorating outlook to Mexico, the only such assessment in Latin America, driven by the 2025 V…

2026-08-22Read →
Market

The Earnings Peak: Record Returns on a Shrinking Book, and What Latin American Retention Ratios Actually Tell Us

Fitch reported that the four largest European reinsurers delivered a record average return on equity of 21.5 percent in …

2026-08-21Read →
Ratings

The Rating Benchmark: A Mexico-Based Group Life Reinsurer Earns A- as AM Best Asks Whether Discipline Can Survive Record Capital

AM Best assigned a Financial Strength Rating of A- (Excellent) with stable outlook to Epsilon Reinsurance Company Ltd., …

2026-08-18Read →
Latin America

The Commission Cycle: Swiss Re’s Life Engine Pulls Ahead as Latin American Ceding Commissions Climb

Swiss Re reported first-half 2026 net income of USD 2.8 billion, up 9 percent, on a return on equity of 22.7 percent, wi…

2026-08-15Read →
Market

Strength Before the Storm: Hannover Re’s Record Half-Year Meets Peak Hurricane Season as Fitch and AM Best Split on Mexico

Hannover Re posted first-half 2026 net income of EUR 1.4 billion, up 7 percent, with a property and casualty combined ra…

2026-08-13Read →
Market

Drawing the Line: Munich Re Walks Away From Volume as Mapfre Re Puts Down Roots in Brazil

Munich Re let its July renewal book shrink 9.1 percent to EUR 2.9 billion rather than match a 5.5 percent risk-adjusted …

2026-08-11Read →
Market

The Alternative-Capital Engine: Record Cat-Bond Issuance Powers the Soft Market Into the Second Half of 2026

Catastrophe bond issuance reached a record 11.3 billion dollars in the second quarter and more than 17 billion in the fi…

2026-08-06Read →
Market

Discipline as the Headline: H1 2026 Reinsurance Earnings Stay Strong as the Market Softens

SCOR posted EUR 397 million of first-half net income and Everest returned US$473 million to shareholders, yet both frame…

2026-08-03Read →
Latin America

The Brokers Plant Their Flags: Miami and the Institutionalization of Latin American Reinsurance

In a single week Howden named Miami the headquarters of its Americas broking business and Guy Carpenter added senior hea…

2026-07-30Read →
Ratings

AM Best Resets the Cycle: Reinsurance Outlook to Stable as Record Capital Softens Rates

AM Best has moved its global reinsurance outlook from positive to stable as record capital of US$790 billion and a benig…

2026-07-27Read →
Latin America

Mexico Turns the Screw: How the 2026 VAT Reform Is Reshaping Underwriting Margins

The end of VAT creditability on claim payments has turned a recoverable tax into a permanent cost for Mexican insurers, …

2026-07-24Read →
Market

While Property Softens, Life and Health Becomes the Industry’s Growth Engine

Global life and health reinsurance is set to reach US$190bn in 2026, growing nearly US$10bn year on year, even as proper…

2026-07-21Read →
Latin America

Venezuela’s Earthquakes and the Cost of an Uninsured Region

The 24 June 2026 Venezuela earthquake sequence is set to exceed US$10bn in economic losses, yet the insured share will b…

2026-07-18Read →
Latin America

Latin America’s Mid-Year Renewals: A Buyer’s Market That Still Rewards Discipline

July 1 renewals across Latin America delivered property-catastrophe rate reductions of 15% to 20% and richer ceding comm…

2026-07-15Read →
Ratings

AM Best Moves Global Reinsurance to Stable as Alternative Capital Sets Records

AM Best revised its global reinsurance outlook to stable from positive as softening accelerates, even as a record second…

2026-07-12Read →
Market

Record Capital, Softer Renewals: The Reinsurance Market at Mid-Year 2026

Dedicated reinsurance capital reached a record near US$648bn while property-cat rates fell 20-25% in North America at 1 …

2026-07-11Read →
Market

January 2026 Renewals: Capital-Rich Market Hands Cedants the Advantage

Record reinsurance capital and a benign catastrophe year drove property rates down 10-20% at 1.1, with the largest cuts …

2026-01-08Read →
Latin America

Latin America at 1 July 2026: Abundant Capacity, Intensifying Competition

The mid-year LatAm renewal saw property-cat XoL rates fall 15-20% as Bermuda, London and MGA capacity deepened an alread…

2026-07-02Read →
Facultative

The Global Facultative Market Enters a Softer Phase

Facultative reinsurance is softening as capacity returns, but the discipline of risk-by-risk underwriting becomes more v…

2026-06-18Read →
Domicile

Why Barbados: A Solid, Respected Reinsurance Domicile

Barbados combines a Class 2 licence for third-party reinsurance with sound, internationally respected regulation, long t…

2026-05-20Read →
Technical

How to Read a Reinsurance Layer: The Math Behind the Price

A short technical primer on the excess-of-loss layer, expected loss, rate on line and the risk load that turns loss cost…

2026-04-10Read →

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