New capital that enters the reinsurance market in 2023 is expected to be rewarded, thanks to strong demand for protection and the attractive terms that capital can be deployed at, according to Joe Monaghan, Global Growth Leader at Aon’s Reinsurance Solutions.
After a “turbulent” January reinsurance renewal season, that Monaghan says came to a “pragmatic” outcome, there are now signs that some are looking to “take advantage of improved conditions”, he explained.
However, in time for the 1/1 renewals, “The capacity entering the market at January 1 fell well short of withdrawals earlier in the year,” Monaghan said.
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