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Sources agreed that to achieve growth, the focus is shifting from the US to SMEs in Europe. -
The flat renewal follows a tripling of RoL on the programme last year.
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The carrier increased specialty premium by 39% by the nine-month mark.
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The reinsurer is planning to drop its cession rate from 40% to 30%-35%.
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Some reinsurers are considering frequency protection products.
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Aon executive Daniele de Bosini said reinforced infrastructure had mitigated the impact of recent disaster events.
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The broker is discussing the potential for "smart frequency solutions" with reinsurers.
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European property cat rates stabilised and, in some cases, decreased this year following corrections in 2023.
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Continental cedants are looking for support for third and fourth events.
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Uncertainty around court outcomes is almost forcing carriers to settle claims.
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Loss-free accounts are expected to be oversubscribed by as much as 140%.
