Reinsurance capital drives buyer’s market as industry descends on Monaco

Excess capital will continue to be the defining feature of the reinsurance market going into the January 1 renewal negotiations. But while this will inevitably have implications for pricing, it also creates a unique opportunity for insurers to renegotiate structures, expand coverage and take another look at retentions.Paradoxically, this is happening at a time where the global risk environment has never been more turbulent. The Insurance Day podcast speaks to David Flandro, head of industry analysis and strategic advisory at Howden, to understand what this means for discussions in Monte Carlo and beyond.