Many know that past phases of a tightening reinsurance market are often defined by start-up reinsurers coming onto the scene, yet the 2023-2024 hard market has notably not fit this pattern. In their latest article, Brian Shea, Chairman of Global Strategic Advisory, and William Dubinsky, CEO of Gallagher Securities, Inc., explore how the 2023-2024 hard market differs from past years in its seeming lack of new entrants, and why there might be good reasons for it. Read the article today: https://lnkd.in/gJyphzUf
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Crystal clear & concise explanation on why there are no start-up reinsurers. Most insightful read I have seen in ages.
Many know that past phases of a tightening reinsurance market are often defined by start-up reinsurers coming onto the scene, yet the 2023-2024 hard market has notably not fit this pattern. In their latest article, Brian Shea, Chairman of Global Strategic Advisory, and William Dubinsky, CEO of Gallagher Securities, Inc., explore how the 2023-2024 hard market differs from past years in its seeming lack of new entrants, and why there might be good reasons for it. Read the article today: https://lnkd.in/gJyphzUf
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A more consistent trading rhythm returned to the property market, with capacity deployment outside of frequency-exposed layers and more heavily loss-impacted segments showing meaningful bounce-back, including on new business where reinsurer activity increased measurably. Read more about Jan. 1, 2024 reinsurance renewals here: https://bit.ly/48Guq0V
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A responsive reinsurance market has materialized at January 1, 2024 renewals, reflecting ample capacity and a commercial approach to trading partnerships, albeit with continued underwriting rigor. Read more here: https://bit.ly/3RXQMp4
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The January 2024 renewal sets the stage for a positive outlook for the reinsurance market, as a rebound in profitability, rebuilding capital positions and greater availability of retrocession capacity encouraged many reinsurers to display increased appetites at the enhanced terms established in 2023. Read more in our January 2024, Reinsurance Market Dynamics: https://ow.ly/99Rb30szhZW
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Reinsurers’ capacity deployment picked up pace in the approach to January 1, while remaining focused on pricing adequacy and program structure. Read more about Jan. 1, 2024 reinsurance renewals here: https://bit.ly/3tJXKom
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The January 2024 renewal sets the stage for a positive outlook for the reinsurance market, as a rebound in profitability, rebuilding capital positions and greater availability of retrocession capacity encouraged many reinsurers to display increased appetites at the enhanced terms established in 2023. Read more in our January 2024, Reinsurance Market Dynamics: https://ow.ly/XyKk30sze7O
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📜 Historical Losses Shape Today's Reinsurance Decisions 📜 Historical loss experiences are driving the push for rate hikes in the reinsurance sector. With the past acting as a guide, reinsurers are taking decisive steps for a sustainable future. #LearningFromThePast #ReinsuranceDecisions #EXLConsulting
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AM Best has held its stable outlook for the global reinsurance market based on “substantial” rate increases, largely from property lines, which the rating agency said are unlikely to revert any time soon. It added that higher average attachment points have also helped to widen profit margins for reinsurers that continued to take on risks after several market exits reduced supply. More 👉https://ow.ly/KFYw50Qeu2k #AMBest #Reinsurance #GlobalReinsurance AM Best
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We know that it's not only our approach to risk that's unique to the London market - some of the phrases we use are too. Have you ever wondered what we mean when we say 'nominated syndicates' or 'capacity partners'? Tom Storey, our Head of Partner Relations and Outwards Reinsurance, explains below 🎥 Learn more here: https://bit.ly/3J8sbZO #KiInsurance #InsuranceInnovation
