Retro deals experience ‘large overplacement': Gallagher Re
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Retro deals experience ‘large overplacement': Gallagher Re

Fiona Robertson, 
Abbie Day
02 January 2024
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Retro capacity from both reinsurers and ILS providers rose heading into the 1 January renewal, leading to “large overplacement” on many programmes, Gallagher Re said in its 1st View report.

Peak-peril and remote layers were most overplaced, while cat bond competition also contributed to large rate reductions to minimum-rate deals versus a year ago.

Gallagher

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Topics

News Brokers Renewals Rates AJ Gallagher Catastrophe bonds ILWs Catastrophe losses Property
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