#84 - January Renewals 2024: What Happened?
Get the insider's take on the reinsurance industry's pivotal season. Join Jerad, Ben, and Tom as they dissect trends and surprises from the January 2024 renewals. EPISODE LINKS: Ben's article: https://www.linkedin.com/pulse/2024-year-grey-swans-ben-rose-a1dle/ Howden-Tiger's Renewals Report: https://www.howdengroupholdings.com/news/howden-a-new-world-2024 Gallagher's Renewals Report: https://www.ajg.com/gallagherre/news-and-insights/2024/january/what-a-difference-a-year-makes/ CONNECT WITH US: Website: https://www.supercede.com LinkedIn: https://www.linkedin.com/company/supercedehq Twitter: https://twitter.com/SupercedeHQ YouTube: https://www.youtube.com/@SupercedeHQ RSS Feed: https://anchor.fm/s/7e741c8c/podcast/rss Say Hello: producer@thereinsurancepodcast.com OUTLINE & TIMESTAMPS (00:00) Intro (01:11) 1/1 Recap: Orderly & Bifurcated (04:36) Perils & Sources of Capacity (10:23) Worries Around US Casualty (13:14) Diversification & Attractive Markets (17:03) Talent & Rising Startups (20:53) Are There Enough Reinsurance Brokers? (26:03) Are There Enough New Reinsurers? (32:10) Performance Turnaround of Lloyd’s (36:36) Lawyers Leaving Florida & the Ethics of Finance (38:43) Variation of Broker Reports (43:10) Trends for 2024 (47:29) Is the Market Really Going Digital?