On the Road to 1/1
As we look forward to January 1 renewals and 2024, Guy Carpenter will be providing insights, commentary and updates from global industry meetings and events throughout the remainder of the year.
The market evolution at mid-year indicates that for upcoming property renewals price adequacy across lines and supportable structures should drive sufficient capacity levels. Cedent differentiation is crucial with reinsurers seeking to support quality programs.
Guy Carpenter expects the market to remain firm at January 1, but after twelve months of material and verifiable corrections, more stable conditions should carry forward.
Please continue to check back in with this Renewals HUB regularly for updates.