A hard market will endure until more capital flows in: Guy Carp

Attracted by the continued hard market conditions, new capacity is entering the industry. But it is not enough to patch up gaps in cedant demand and comes with pricing expectations that mean prices will not soften, top executives at reinsurance broker  Guy Carpenter have claimed.

“We are starting to see some capital come in, but not nearly at the quantum that will dilute the current situation,” David Priebe, Guy Carpenter’s chairman, told a briefing ahead of the Monte Carlo Rendez-Vous. “We expect capital will come in, but that capital is expecting continued discipline.”