Reinsurance FOMO puts pressure on signings but rates still hold

29 December 2023

In the final stages of the 1 January reinsurance renewal, sources acknowledged that there was clear pressure from oversubscribed catastrophe programmes, but said discipline was prevailing as reinsurers’ appetite to grow was price-sensitive.

Signings were still being confirmed in the final days of the renewal, so it was difficult to gauge the impact of sign-downs that were underway.

However,

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