Analysts at U.S.-based J.P. Morgan Chase & Co. expect reinsurance rate hikes to continue in 2023 even if this year’s hurricane season is relatively benign, Artemis reported. Analysts said that new capital from the insurance-linked securities market and a relatively low catastrophe loss season is unlikely to soften the rate hikes, as the overall dedicated reinsurance capital has already reduced this year after many reinsurers withdrew capacity from the property catastrophe market.
