Reinsurance renewals: A calm after the storm

In this IIL Reinsurance webinar, Laurent Rousseau provides a review of the 1st January 2024 reinsurance renewals, explaining how market conditions have evolved since the prior year, and sharing his expectations for the year ahead.

Description

The 1st January 2024 reinsurance renewals demonstrated how much could (and could not) change in the space of a year. In this session, the speaker tracks the market’s evolution following a tumultuous 2023. Order replaced chaos in the 1st January 2024 renewals, with all sides working to avoid the dramatic rate rises, increasing attachment points and tightening terms and conditions that had characterised the prior year. Accordingly, we ask whether the market has achieved a mutually sustainable balance, and if so, how long it might last. Given the unpredictable economic, geopolitical and natural environment, we consider whether it is reasonable to expect a market cycle comparable to its predecessors.

Learning objectives

• Understand the wider context of the 1st January renewals season
• Consider key drivers of market conditions, including factors of supply and demand
• Analyse emerging trends and their possible implications for the reinsurance market

Speakers

• Laurent Rousseau, CEO of EMEA and Global Capital Solutions, Guy Carpenter
• Chair: Ben Rose, President & Co-founder, Supercede Technology Ltd