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Reinsurers at crossroads after difficult Jan 1 renewals: Guy Carpenter

December 30, 2022


The reinsurance sector now finds itself at a “crossroad,” according to analysts at Guy Carpenter, following one of the most challenging renewal periods ever experienced at January 1.

In a report on the crucial renewal period, Guy Carpenter – a global risk and reinsurance specialist and a business of Marsh McLennan – notes that the renewal season ran extremely late this year as both reinsurers and cedents worked to establish a new market equilibrium.

Ultimately, placements were largely completed at client issued structures and pricing, it reported, without many of the requested modifications in coverage.

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