European retentions should have risen 22% since 2017: JP Morgan
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European retentions should have risen 22% since 2017: JP Morgan

Rachel Dalton
02 December 2022
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Retentions on European property cat treaties would have risen by 22% in the past five years if they had kept pace with inflation, but many have remained static, according to a JP Morgan report.

Analyst Kamran Hossain said the structure of programmes at the 1 January 2023 renewal will be as important as price for the profitability of reinsurers’ portfolios, echoing Insurance Insider analysis which highlighted retentions as a key negotiating point.

JP

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