Gallagher Re: Property back in balance but all change in casualty at 1.1
In a turnaround from 12 months ago, property supply and demand “snapped back into balance” at 1.1 as returns for the first three quarters of 2023 topped reinsurers’ increased cost of capital, but it is “all change” in casualty amid eroded confidence in third-party liability lines, according to Gallagher Re.
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