Reinsurance Market Dynamics: April 2023

The imbalance in property catastrophe reinsurance demand and supply at January 1 showed signs of easing at the April 1 renewal, where we were able to place property catastrophe limits, albeit at a price and with higher retentions. With mid-year renewal negotiations now underway, the demand-supply balance is delicately poised, yet we are optimistic that the market is now on a more stable footing following a turbulent 1/1.
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