Renewals Holiday Countdown 2024

Welcome to our Renewals Holiday Countdown. Throughout December we're bringing insights from SiriusPoint experts on what we're likely to see during the 1.1 renewals. Each day, we'll share commentary relating to different business lines.

Reinsurance

First up is David Govrin, Group President and Chief Underwriting Officer, who tells us about dynamics in the reinsurance space.

"The discipline shown by reinsurers within the market is expected to hold as we head into 2025. Reinsurers are holding firm on rate, retention and structure in geographies and product where it is necessary and having constructive dialogue while carefully managing risk, aggregates, and limits.

US casualty remains a focus, especially proportional ceding commissions, where market dynamics are challenging due to the continued impacts of inflation, both economic and social. Reinsurers are considering where in the US casualty market to deploy capital, and whether they are getting paid adequately based on limits, lines of business, and attachment profiles. As always, markets continue to emphasize the importance of underwriting discipline and proactive, transparent dialogue with brokers and clients."