The year in reinsurance: From a peak hard market to casualty fears
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The year in reinsurance: From a peak hard market to casualty fears

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After five years of major losses and underperformance, 2023 was a relief for the reinsurance segment, thanks to a wide correction in pricing and terms, along with a muted Atlantic hurricane season.

The year took off with reinsurers securing major gains on property catastrophe renewals after a nerve-wracking late renewal, amid a shortage of retro capacity and lack of cat appetite following Hurricane Ian.

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