US property cat reinsurance market in favour of buyers at mid-year renewals: Aon
Conditions in the U.S. property catastrophe reinsurance market continued to shift in favour of buyers at the mid-year renewals, yet...
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Aon expects over $7.5bn of additional US property cat reinsurance demand at mid-year renewals
As reinsurance capital continues to grow and keep pace with increasing demand from buyers, broking group Aon’s Reinsurance Solutions arm expects more than $7.5 billion of additional US property catastrophe limit demand at the mid-year renewals. The June and July reinsurance renewals are key for the US property cat market, and despite an active first quarter for catastrophe losses, driven by the extremely costly California wildfires, Aon expects the conditions seen at the 1.1 and 1.4 renewals to persist, “supported by the weight of reinsurance capacity and unfulfilled reinsurer appetite.”...