Acrisure Re CEO Simon Hedley has commented that some reinsurers are still seeing opportunity in the cyber market despite others remaining cautious, while the discipline in the casualty market means conditions in that space should stay positive for the next “year or two”.
Excess property reinsurance capacity may have reached levels historically associated with soft markets, but carriers have maintained pricing discipline and their appetite for catastrophe risk remains “very strong”, according to Guy Carpenter’s North America Property Center of Excellence head Randy Fuller.
The global (re)insurance industry has sent a clear message that it is both ready and willing to redirect capital to aid the transition towards net zero but concerns over adequate returns may slow progress, according to EY’s global insurance leader Isabelle Santenac.
In our latest virtual debate as part of #ReinsuranceMonth, our panellists agreed the Bermuda market is poised to take greater advantage of the opportunities residing in the industry and to step up to the challenges both innovatively and competitively.
Axis Re’s Ann Haugh has warned this year’s renewal discussions could go down to the wire as underwriters seek out opportunities that will provide a “solid return” for shareholders.