In this IIL reinsurance webinar, Mike Van Slooten, explains the roots of a complex January 2023 reinsurance renewals season and offers a path towards understanding what might come next.

Description

Many commentators have described these renewals as the most challenging in the last 30 years, with ‘hard market’ conditions now evident in property catastrophe reinsurance and retrocession business and war-impacted specialty classes.

In this session, Mike will explain how we’ve arrived at this position by looking at the key demand and supply drivers going into the renewals, including the impact of recent major loss activity and capital market volatility. He will then summarise the key outcomes of the renewals by geography and line of business, before offering some thoughts on what the latest developments may mean for cedants and reinsurers alike.

Learning objectives

• Understand the drivers affecting reinsurance renewal negotiations in January 2023
• Appreciate the impact of macroeconomic factors on reinsurance market participants
• Explore how capacity, terms and conditions and rate change have been impacted by the changing market conditions

Speakers

• Mike Van Slooten, Head of Business Intelligence, Aon Reinsurance Solutions
• Chair: Ben Rose, Co-founder & President, Supercede