Top-end retro rates slide but renewals largely maintain ILS targets for 2024
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Top-end retro rates slide but renewals largely maintain ILS targets for 2024

Fiona Robertson
22 December 2023
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Retro business is softening by more than anticipated, with double-digit rate reductions available on some top-end deals, but more broadly, property cat rates are continuing to hold firm with strong projected ILS returns for 2024.

As we covered earlier in the renewal, US cat rates are running closer to flat to slightly up, with single-digit rate hikes ongoing in Europe, where loss activity has been more prevalent.

However,

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Topics

NewsILS managersRetrocessionRenewalsRatesAnalysisRe/insurers
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