Reinsurers had varied appetites for casualty reinsurance during the January 2024 renewals; while capacity was sufficient, they still maintained underwriting discipline, according to reinsurance brokers in their renewal reports.
“Some reinsurers adopted a tougher stance ahead of the January 2024 casualty treaty renewals, against a backdrop of prior-year reserve deterioration and concern for adverse litigation trends. Others recognized the earnings potential of improving primary casualty pricing and higher interest rates,” Aon said in its market report titled “Reinsurance Market Dynamics – January 2024.
“Reinsurers demonstrated a mixed appetite for growth amid concern around loss trends, broa