-
Reserves are likely to be set following initial court rulings this year. -
Attachment points are unlikely to return to pre-correction levels any time soon.
-
The reinsurance market is now in a healthy, stable condition, according to Gallagher Re.
-
-
An 11th-hour softening has driven discounts into double-digit territory on some deals.
-
In property, Canada, Central and Eastern Europe and UAE renewals were impacted by losses.
-
The broker said demand grew more slowly than reinsurer appetite.
-
Concern over rate adequacy remains, but reinsurers are delving deeper into data rather than walking away.
-
Chairman Neil Eckert and CEO Trevor Carvey said the outlook for the market remains "very good".
-
Swiss Re has retreated from its “escalation clause” for the Middle East.
-
Reinsurer appetite for aggregates begins to creep back in.
-
Overall, reinsurers accepted that rate cuts were still leaving them with strong margins.
