-
Reinsurers fended off 20% cuts, but wildfires pleas failed to hold pricing flat.
-
Some of the Big Four are slowing growth as the market softens.
-
CUO Rachel Turk said some syndicates were showing a “mismatch” in ambition and strategy.
-
The reinsurer anticipates downward rate pressure to continue over 2025.
-
Reinsurers’ hopes that LA wildfires will slow 1.4 softening are in question.
-
Island appetite remains stable, but early 2025 loss activity has injected fresh uncertainty.
-
This year’s coverage will involve $2.94bn of new risk transfer.
-
Some $4.8bn of reinsurance and cat bond limit will come up for renewal in 2025.
-
Is the MGA start-up boom here to stay?
-
CEO Alex Maloney said the LA fires might prompt some carriers to go more “risk-off”.
-
The capacity arrangement with LRA also remains in place.
-
The programme structure was expanded, but it is unclear what percentage was placed.