Renewals
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Reinsurers and their cedants are feeling their books are in better shape, although the market is still uneven. -
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.
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The CEO said business remains adequately priced in most classes.
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All lines except workers’ comp are up year over year, however.
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PL coverage is being stripped out of admitted, packaged policies and increasingly purchased in the E&S market.
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While official return to office mandates have gathered steam, what they look like in practice can vary widely.
