Reinsurance prices could halt primary pricing moderation: Marsh’s Doyle
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Reinsurance prices could halt primary pricing moderation: Marsh’s Doyle

John Doyle updated 2022.jpg

The continuing moderation of primary insurance pricing could be impacted by the soaring cost of reinsurance, according to Marsh McLennan president and CEO John Doyle.

The executive said the January reinsurance 1 renewal was the “most challenging” in almost two decades, with global property cat rates up by between 25% and 60%, although ceded premiums were “tempered” by higher retentions.

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