Despite some improvements, the reinsurance sector continues to struggle to produce a meaningful return on capital, and as pressure builds on the impacts of climate change and secondary peril losses, there’s a real need for further rate momentum, according to Bobby Heerasing, Head of International Strategic Business Development, SiriusPoint.
With the January 1st, 2022 reinsurance renewals fast approaching, companies will be hoping for some meaningful rate rises across various business lines, notably loss-affected catastrophe lines, but also in the specialty space, such as cyber.
