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Many cedants secured aggregate and subsequent coverage at 1 January. -
The carrier said reinsurance was a key component of its “low-volatility strategy”.
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In the US, pricing fell by 6.2% at the major renewal.
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Reserves are likely to be set following initial court rulings this year.
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Attachment points are unlikely to return to pre-correction levels any time soon.
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The reinsurance market is now in a healthy, stable condition, according to Gallagher Re.
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An 11th-hour softening has driven discounts into double-digit territory on some deals.
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The firm has commenced writing collateralised retro and reinsurance but its rated launch is still pending.
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As 2024 draws to a close, we reflect on the events of the year for the London market.
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Concern over rate adequacy remains, but reinsurers are delving deeper into data rather than walking away.
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As 2024 draws to a close, we reflect on the events of the year for the London market.
