North America
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Reinsurers and their cedants are feeling their books are in better shape, although the market is still uneven. -
One of the options being explored is setting up a dedicated company for the wholesale vertical.
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A survey from PwC described the sector as “stable”, “evolving” and “dynamic”.
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CEO Thierry Léger also stressed his intention to repair the carrier’s relations with Covea.
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The carrier notified California regulators that it would stop renewing plans starting last month.
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It is understood that CyberCube has been considering a sale of the business.
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Supply for property outstrips demand, but the casualty market is “bifurcated”.
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The California wildfires showed reinsurers can absorb major cats and remain profitable.
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What’s next for the reinsurance market as Monte Carlo approaches?
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The insurer has been under review with positive implications since March.
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Skyward’s acquisition of Apollo will provide access to the London Bridge framework.
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Growth in the SME sector could help stabilize the market, however.
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