Lara Mowery, the global head of distribution at Guy Carpenter, led the panel. She was joined by: Sebastian Cook, managing director and head of London Europe; Christopher Ross, managing director of treaty broking; Shiv Kumar, president of GC securities; Dr Jessica Turner, managing director for catastrophe advisory; and Erica Davis, managing director and global co-head of cyber.
In the briefing, Mowery claimed that reinsurers’ risk appetites and product offerings continue to evolve in response to emerging market realities. Meanwhile, differentiation remains valuable.
“Some drivers of uncertainty are dissipating. Primary rates are stabilizing, and ample traditional, as well as alternative capital, is bolstering the sector,” she continued. “The market will continue to monitor how COVID-19 claims are resolved and how the losses of 2021 develop while also turning attention to evolving risks including cyber and climate change.”
Cook stated that the US Property Catastrophe Rate-on-Line (ROL) Index increased by 6% for renewals from January through July, around half of the increase experienced over the same period in…
