In its 1st view renewals report, the broker said that reinsurers were looking to balance their growth appetites with their objective of protecting profitability, with some carriers still willing to give up market share to do so.
But
Cat rates dip 10%-15% in mid-year renewals as casualty steady: Gallagher Re
Cedants were able to “challenge the status quo” with aggregates back on the table, the broker said.