Pricing cycles in the commercial insurance and reinsurance sectors are now converging, marked by price increase moderation overall for the former, albeit with strengthening
The April 1 reinsurance renewal season has seen a continuation of the discipline shown by reinsurers at January 1 but with a greater determination that pricing
The global reinsurance industry reached a tipping point during the 2023 renewals as their bargaining power vis-à-vis their cedents moved substantially in reinsurers’ favour