Renewals
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Shared and layered accounts are seen as reaping the biggest benefits. -
The mood in Orlando was sunny among cedants and reinsurers alike, but there are clouds on the horizon.
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As both carriers and reinsurers deal with softening markets, all eyes are on hurricane-prone areas.
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Reinsurer executives during a Aon reinsurer panel stressed that the industry worked hard on setting the right structure.
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Reinsurers and their cedants are feeling their books are in better shape, although the market is still uneven.
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Supply for property outstrips demand, but the casualty market is “bifurcated”.
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Despite rate reductions accelerating, the sector-wide combined ratio is set to remain below 90% through 2027.
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Capacity has gone up slightly, with new entrants and incumbents feeling better about their books.
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The CEO said the carrier will prioritise margin over top-line growth.
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The specialty reinsurer also saw several bad investments hit the books.
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The risk of cyber incidents that cause physical damage is also rising.
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The president expects to see benefits from the deal in H2 2026.
