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.
