Demand gap in treaty will serve equilibrium as reinsurers remain disciplined
Reinsurers need to hold the line on both rates and retentions, says Beazley.
A demand gap has emerged in US treaty business, which will be solved only incrementally as buyers seek to reestablish an equilibrium in their reinsurance programmes without the luxury of any meaningful levels of new capacity entering the market—and reinsurers holding the line on both rates and retentions.
That is the view of Mark Vaughan, deputy group head of treaty with responsibility for writing the US & International treaty account from London at Beazley, speaking to APCIA Today.
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A sneak preview: more exclusive content and interviews inside
Unfinished business in property; casualty needs attention
Hannover Re will be seeking incremental improvements to its North American book.
Hannover Re heads towards the 1/1 renewals with an eye on sweeping up bits of unfinished business in US property while digging deeper into issues in the increasingly concerning casualty segment, Axel Freiboth, Hannover Re’s managing director & chief underwriting officer for treaty reinsurance in North America, told APCIA Today.