As the reinsurance industry prepares for the 2025 Rendez-Vous de Septembre in Monte Carlo, Guy Carpenter leaders addressed market issues connected with reinsurance and capital. See below for media coverage highlights.
Reinsurance increasingly a buyer’s market as focus shifts to growth
In this story from Reinsurance News, Laurent Rousseau, CEO of EMEA and Global Capital Solutions, discussed how the reinsurance industry is clearly in a buyer’s market, indicating that as returns continue to rise, insurers and reinsurers are looking to grow both organically and through M&A.
Guy Carpenter’s Rousseau forecasts ‘orderly’ reinsurance market softening in 2026 renewal
In this story from The Insurer, Laurent Rousseau talked about how the softening trends that began in 2023 are expected to continue, with increased demand expected for frequency catastrophe protection.
Reinsurance market to continue softening in an ‘orderly manner’
In this story from Insurance Insider US, Laurent Rousseau explained how further market softening during 2026 renewals depends on catastrophic and geoeconomic risks throughout the rest of 2025. Though cedent rates are likely to keep dropping, Jay Dhru, Global Head of Business Intelligence, forecasted that the sector-wide combined ratios will continue to be below 90% through 2027.
Reinsurance rates to fall as profits, capital grow
In this story from Business Insurance, Laurent Rousseau said he expected reinsurance capital to continue increasing, driven by strong underwriting results, retained earnngs and higher investment yields.
Alternative capital has not yet reached its full capacity
In this story from Artemis, Laurent Rousseau talked about how Guy Carpenter expects further growth of insurance-linked securities (ILS) and capital markets-backed capacity. He also highlighted dynamics in the reinsurance market that could make end-of-year renewal negotiations particularly competitive.
Cedents eye stronger terms amid reinsurance growth
This story from Continuity Insurance & Risk describes how reinsurers are reporting strong earnings, expanding capital and plentiful capacity. Profitability has remained solid even against heavy catastrophe losses in recent years.
“The reinsurance market is strong, seen in record levels of capital and reinsurer returns,” said Dean Klisura, President and CEO. “Reinsurers’ appetite for growth creates an opportunity for innovative solutions that help cedents manage in a volatile world and protect against the increasingly complex range of risks they face.”
Industry must bridge valuation gap between carriers and MGAs
Speaking at The Insurer’s Pre-Monte Carlo Forum, Vicky Carter, Chairman of Global Capital Solutions, International, emphasized the need for the industry to continue adapting and evolving to remain relevant, prioritizing initiatives that add value at a time when traditional (re)insurance company valuations tend to trail those of managing general agents (MGAs).