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The pricing battle has been played out but the extent of new demand will only show up in 2026.
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The former EVP and head of annuity solutions will replace Schaefer upon retirement.
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The influx of capital, combined with a quiet wind season, led to favorable conditions for cedants during 1.1 renewals.
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Cedants pursued property renewals “aggressively” amid excess reinsurer capacity.
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Market participants on programs/MGU business in particular feel there's more capacity than 12 months ago.
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Cedants are opting to bank double-digit savings as reinsurers fight for market share.
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In casualty, the executive is seeing an acceleration of flight to quality both from cedants and reinsurers.
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The US insurer squeezed its retention in a renewal where cat treaty retentions are widely holding steady.
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Ackman will need leaders like Ajit Jain behind him and make the right bets at the right price at the right time.
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The finance committee discussed shifting market dynamics as tort reform takes effect.
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Several of Henrietta Butcher’s former Tysers colleagues have also moved to Lockton Re.
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Los Angeles wildfires and SCS pushed US losses to $89bn.
