Growth opportunities and stability in stark contrast to last renewal
With areas of client growth in their sights and relative market stability ahead of 1/1, the co-presidents of Aon’s US Reinsurance Solutions business, Stephen Hofmann and Kevin Traetow, are clear that market dynamics ahead of this renewal are in stark contrast to last year.
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7 November 2023 Prices and attachment points are likely to remain stable in 2024, but cedants are likely to look for relaxation on terms and conditions as more capacity comes into the market, says Guy Carpenter’s Randy Fuller.