Reinsurers ‘held positions, but not always their shares’ in 1.1 renewal: Gallagher Re

Fiona Robertson,

Kyoung-son Song, Abbie Wood

January 02, 2024

Property reinsurance supply “snapped back into balance” at the 1 January renewal, as casualty confidence diminished, according to Gallagher Re’s latest report.

Retained earnings and ample retro capacity led to a much calmer renewal and increased demand for top-end catastrophe risk from reinsurers.

Gallagher

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Topics

News Brokers Rates Property AJ Gallagher

Fiona Robertson

Editor, Insurance Insider

Kyoung-son Song

Senior Reporter

Abbie Wood

Reporter