Sp Ep: The State of (Re)insurance 2024

Welcome to the third instalment of the podcast where I use the
annual Monte Carlo RendezVous to gauge the outlook ahead of the
key 1.1 Reinsurance renewals.


This year, a lot had changed in the preceding 12 months. 2023
results had been almost universally excellent for all reinsurers
and capital had returned to very healthy levels.


Colour and confidence were visibly returning to the market.


Smiles and receptive ears were in far greater supply than a year
previously and the grim mood of two years ago had been almost
completely forgotten.


The only flies in the ointment were continued emergence of poor
back year performance in some US casualty classes and a hesitancy
among investors who still seemed more ready to punish any bad
news, than reward the good.


Whatever had been black and white two years ago was becoming
progressively greyer and choice and options over what - and how
and in what shape or size reinsurance could be bought - were
beginning to open up for cedants.


In short this is a market of nuances and one where experienced
traders are going to be given an opportunity to shine.


So join me as I root them out from either side of the
underwriting desk and find out what’s going on.


My promise to you is that if you weren’t lucky enough to be down
on the Cote D’Azur in early September, listening to this podcast
will be the next best thing to having been there in person, in
the rooms, suites, cafés, restaurants and lobbies with me as I
interrogate a large number of key industry personnel. Give me the
next hour and I’ll give you the State of (Re)insurance.


NOTES: 


GL = General Liability


LINKS:


We thank our sponsor Stephens Rickard: www.stephensrickard.com