Reinsurers offer Nat CAT capacity but it comes at a price

Source: Middle East Insurance Review | Feb 2024

In spite of the anxiety expressed at the SIRC last year about the possibility of turbulence during the January renewal period, it turned out to be a much smoother process when compared to the prior year, as the (re)insurance industry managed to correct its course. Nevertheless, significant Nat CAT activity in the MENA region in 2023 has led to tough renewal negotiations between reinsurers and cedants. Reinsurance rates are hardening, according to the reinsurers we spoke to.

Archived articles are available to Magazine subscribers only.

If you are already a subscriber

To read this news article only BUY

For Full Access to the magazine SUBSCRIBE here.

Name*

Email*

Comment*

Code Verification*

Enter the code shown above in the box below.

Note that your comment may be edited or removed in the future, and that your comment may appear alongside the original article on websites other than this one.