Property cat risk will be ‘adequate’ in 2024 even if renewals flatline: RenRe

July 26, 2023

RenaissanceRe CEO Kevin O’Donnell said that property cat rates had reached adequate levels and that if business renewed as expiring in 2024, the market would “largely be adequate”.

Investor sentiment would influence the view on adequacy, but he said this was the case from an academic perspective.

However,

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