RenRe will not write all-perils cat as it draws line in the sand

21 November 2022

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RenaissanceRe retains its conviction in writing catastrophe reinsurance, but will likely put out reduced limits next year and expect clients to retain materially more risk as part of a dramatic pendulum swing in reinsurers’ favor.

In a wide-ranging interview with executives setting out its renewal positioning, the firm also made clear that terms and conditions need to tighten substantially, and that this would include an end to offering all-perils cat coverage.

Alongside

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RenRe will not write all-perils cat as it draws line in the sand

RenaissanceRe retains its conviction in writing catastrophe reinsurance, but will likely put out reduced limits next year and expect clients to retain materially more risk as part of a dramatic pendulum swing in reinsurers’ favor.

Fuel a smarter strategy with our actionable market intelligence

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RenRe will not write all-perils cat as it draws line in the sand

RenaissanceRe retains its conviction in writing catastrophe reinsurance, but will likely put out reduced limits next year and expect clients to retain materially more risk as part of a dramatic pendulum swing in reinsurers’ favor.

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Fuel a smarter strategy with our actionable market intelligence

Topics

PFZW’s ILS investments return 11.7% year-to-date

Cat bond volume of $495mn has come to the market

Milton: A proof of concept moment for ILS

Communicating ILS nuances will build trust among end-investors: ILS Connect panel

CoreLogic pegs Milton insured loss at $17bn-$28bn