Late start for retro renewals as earnings capacity set to dry up
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Late start for retro renewals as earnings capacity set to dry up

Fiona Robertson
08 November 2021
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Reinsurers had to start weaning themselves off earnings protection retro covers when Markel Catco halted underwriting in mid-2019 – but this year seems likely to force more of a cold-turkey withdrawal of cover onto retro buyers.

The retro renewals are still barely underway, with only a handful of submissions out and companies like Scor that would usually be pricing their covers by now still awaiting quotes.

But

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Topics

OpinionRenewalsRetrocessionAnalysis
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Fiona Robertson
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