In this article in Business Insurance discussing the 2023 reinsurance market heading into 2024, Alex van Dijk, President, US Branches, joins other industry leaders for a panel discussion at the annual conference of The American Property Casualty Insurance Association.
Alex describes the industry as “highly surprised” by the “significant” shift in pricing at last January’s renewals, saying it was greater “than our clients were prepared for.” He also emphasizes that positive third-quarter earnings news from reinsurers has helped attract capital to the sector, which should continue into 2024 and 2025.
A similar story covering the panel appears in The Insurer.