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Aggregate covers remain unattractive to reinsurance underwriters: Gallagher Re

November 17, 2023

Property catastrophe reinsurance capacity is expected to remain relatively flat at the January 2024 renewals according to a survey from broker Gallagher Re, which also suggests that reinsurer appetite for writing aggregate coverage and lower-layers remains limited.

It’s yet another signal that the January renewals will not see all reinsurance buyers getting what they really want, as demand for these frequency and higher-risk covers remains likely to be unmet, which is leaving ceding companies keen to find alternative ways to shed more of this volatility.

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