Pricing, Capacity and Recession: 1/1 Renewals Aftermath
About this talk
With a majority of reinsurance contracts renewing on January 1, reinsurers, cedants and brokers faced a hectic – and late -- renewal season. In addition to macroeconomic and geopolitical volatility, reinsurers faced an increased frequency of extreme weather events in recent years, which has resulted in some reinsurers shifting away from natural catastrophe to more profitable classes of business. Rising inflation and a looming recession were among the hot topics during this renewal season, as well as cedants’ increased demand for reinsurance against a backdrop of tighter capacity.
Join Insider Engage, in partnership with KBRA, at 10:30 ET/3:30 BT on FEB. 7, 2023 for a free webinar that looks at how the January 1 renewals have impacted the market. We’ll consider issues including a possible recession, reinsurers’ shifting risk appetite, and capacity shortages that are driving higher rates and more complex negotiations.
Overview of Jan. 1 renewal market process
Update on capacity: where was the market tighter?
Where do you see it going for the remainder of 2023?
Was there adequate capacity?
What did you see in rates, terms and conditions?
What is the impact of the changing risk appetite landscape?
How is the possible recession impacting the market?
Will Lloyd’s reduce the capacity of its syndicates if they can’t obtain adequate reinsurance cover?
What is the impact of the currency volatility on reinsurance markets?
How is Hurricane Ian impacting the market?
Carol Pierce, Senior Director, Insurance, KBRA
Jean-Paul Conoscente, CEO, SCOR P&C
Nick Dranchek, EVP, Capital Management, BMS Group
Lisa Butera, Managing Director, Swiss Re
Moderator: Meg Green, Managing Editor, Insider Engage