Reinsurance market 'responsive' for 1.1 renewals with ample capacity: Guy Carpenter
The reinsurance market for January 1 renewals reflects the increased availability of capacity and a commercial approach to trading partnerships, although with continued underwriting rigor, according to an update from Guy Carpenter.
Reinsurance capacity increased by 10% through year end, driven by rebounding capital in the sector and healthy reinsurer returns estimated to be near 20% for 2023.
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