Reports from re/insurance broker Guy Carpenter (GC) show that casualty reinsurance renewals varied widely at January 1, 2021, with negotiations influenced by individual circumstances such as loss experience, covered lines and classes written.
But despite this divergence, analysts believe that every placement experienced some degree of continued reinsurance underwriting rigor.
This trend came in response to stress factors such as social inflation, the low interest rate environment, and communicable disease.
