Top reinsurers are showing increasing—but disciplined—appetite for natural catastrophe risks as a result of rising demand, better pricing, more favorable terms and conditions, and sound investment income, according to a report published by S&P Global Ratings.
Most of the 19 largest global reinsurers rated by S&P increased their exposure to natural catastrophes during the January 2024 renewals. “We observed an average overall increase in risk exposure of 14%, although a smaller group of reinsurers continued to reduce theirs,” said the S&P report titled “Reinsurers Show Growing Appetite for Natural Catastrophe Risks.”
“Significant pricing increases, particularly