According to S&P Global, reinsurance companies achieved higher-than-expected price rises at the Jan. 1, 2022 renewals. In past years, reinsurers had conceded lower rate increases for property-catastrophe cover than they originally anticipated. The Jan. 1, 2022 season was different.
Simon Hedley shared his thoughts on capacity in his recent discussion with S&P Global.
From the article: “While it is unclear how the constrained retrocession capacity would affect reinsurance rates going forward, "it is underpinning resolve at the very least from reinsurers" on the prices they are charging, said Simon Hedley, CEO of reinsurance broker Acrisure Re.
Visit S&P Global to read the full article.
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