The balance of power has shifted in favour of reinsurers: S&P

It’s a hard market and a more orderly market, but that doesn’t mean the limited amount of disciplined supply can match heightened demand, analysts at rating agency  S&P Global Ratings said to kick off their message to participants of the Monte Carlo Rendez-Vous.

Cedant demand may be driven in part by a need to mitigate the strain of cat losses suffered in the first half, the same losses reinsurers have worked so hard to avoid.