Carriers See More Stable Reinsurance Marketplace

With the Jan. 1 reinsurance renewal season now in the bag, ceding company representatives said that after two years of turmoil, the process was more stable this year with percentage changes in rates now mostly in the single digits.

Christian Milton, responsible for purchasing reinsurance for the New York-based insurance giant American International Group, observed that there seemed to be a reasonable amount of capacity available, with terms and conditions that AIG felt were appropriate.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.