1/1 Reinsurance Renewals Recap 2024 | TRP #127

The 2024 January reinsurance renewal season revealed key trends shaping the industry: property cat rate softening, persistent challenges in lower layers, and a renewed focus on specialty lines. Cedents with robust data strategies secured better outcomes, while cyber reinsurance matured into a stable, non-proportional market. CONNECT WITH US: Say Hello: ⁠[email protected]⁠ Website: ⁠https://www.supercede.com⁠  LinkedIn: https://www.linkedin.com/company/supercedehq  Twitter: ⁠https://twitter.com/SupercedeHQ⁠  YouTube:⁠ ⁠⁠https://www.youtube.com/@SupercedeHQ⁠  RSS Feed: ⁠https://anchor.fm/s/7e741c8c/podcast/rss⁠ OUTLINE & TIMESTAMPS: (00:00) Intro (01:17) Major Themes of the 1.1 Renewals (02:15) Non-Loss vs. Loss-Affected Programmes (05:00) Retro Capacity & Timely Renewals (06:15) Lower Layers: Ongoing Capacity Challenges (08:20) Larger vs. Smaller Cedents (09:20) Data-Driven Differentiation in Casualty (12:15) Specialty Lines & Appetite for Growth (13:39) Rise in ILS & Cat Bonds (14:40) Parametric Triggers & Innovation (15:20) The Shift to Non-Proportional Cyber (19:00) Complexities of Cyber Cover & Modelling (21:40) Outlook for 4.1 and Beyond (23:20) The Data-First Future of Reinsurance (24:30) Wrap-Up & Final Thoughts