Insights
The Insurer interviewed Lara Mowery, Global Head of Distribution at Guy Carpenter, about the factors influencing negotiations leading up to the crucial January 1st reinsurance renewals.
She highlighted:
• 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.
• Changes in reinsurance terms and conditions, notably the exclusion of pandemic cover in new and renewing contracts
• The emerging class of 2020 (re)insurance startups that is expected to bring both long term and committed solutions to brokers and cedents
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.
As capital continues to be drawn to the opportunity of improved pricing conditions across (re)insurance, the emerging Class of 2020 is expected to bring both long term and committed solutions to brokers and cedents, according to Guy Carpenter’s global head of distribution Lara Mowery.
Changes in reinsurance terms and conditions, notably the exclusion of pandemic cover in new and renewing contracts, will be a key feature of discussions as 1 January negotiations come to a close in the coming days.
