Reinsurers confident of ongoing renewal rate hike momentum: Risk Summit

06 March 2023

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Reinsurers were optimistic that the momentum for rate increases will continue to be strong as mid-year renewals approach, as Convex executive chairman Stephen Catlin said he had “never seen a market quite like this” in the past 50 years.

“I’ve never seen the opportunity for [the market cycle] to have as much ‘legs’ as it potentially will have,” he said, speaking at the Bermuda Risk Summit.

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Reinsurers confident of ongoing renewal rate hike momentum: Risk Summit

Reinsurers were optimistic that the momentum for rate increases will continue to be strong as mid-year renewals approach, as Convex executive chairman Stephen Catlin said he had “never seen a market quite like this” in the past 50 years.

Fuel a smarter strategy with our actionable market intelligence

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Reinsurers confident of ongoing renewal rate hike momentum: Risk Summit

Reinsurers were optimistic that the momentum for rate increases will continue to be strong as mid-year renewals approach, as Convex executive chairman Stephen Catlin said he had “never seen a market quite like this” in the past 50 years.

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Fuel a smarter strategy with our actionable market intelligence

Topics

GIE Gareat’s terrorism bond prices near top end of guidance at 5.25%

American Coastal targets $100mn of Florida named storm coverage

Twia to target 43% more limit at $5.8bn on exposure growth and Beryl losses

Allstate pegs October cat losses at $226mn post-tax

Plenum’s Dynamic Cat Bond Fund reaches $200mn in AuM