Monte Carlo Rendez-Vous: Guy Carpenter’s James Boyce Talks Retro Capacity Ahead of January Renewals

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In this article from The Insurer concurrent with the 2022 Monte Carlo Rendez-Vous event, Guy Carpenter’s James Boyce, CEO, Global Specialties, mentioned how he expected that retrocessional capacity for low-attaching levels could be challenging for January 1, 2023, renewals, while the “generally positive performance” of mid- and upper-level retro occurrence layers will remain attractive to markets looking to deploy capacity.

“Retro capacity will remain somewhat limited for aggregate and low-attaching per-occurrence layers, despite material de-risking in 2022,” he explained. “Buyers will look for a balance between spend and retention levels, supported by the improvement in terms and conditions of the underlying business.” 


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