Lara Mowery, Global Head of Distribution at Guy Carpenter, highlights how renewal discussions are focusing on the offsetting trends of underlying rate changes on casualty business and loss activity that has occurred in the past. While it will take time for the full impact of this to play out, Guy Carpenter is concentrating on the individual dynamics of the renewal and the specific conversation relative to each treaty. Reinsurers have been very responsive to understanding what those underlying rate change dynamics look like and how that starts to shift the conversation. Lara’s insights are part of a video conversation with The Insurer covering reinsurer and broker perspectives on the renewals, where the outcome is likely to be very different depending on the specific cedents and reinsurer experience and appetite.
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