US cedants are open to buying more as exposures grow: Beazley

Some of the bigger cedants, especially in the US, may look to buy more reinsurance in this renewal as they mull the consequences of failing to buy as much coverage as they would like in the last renewal, combined with concerns the risks are increasing—something partly driven by the output of risk modelling firm Moody’s RMS’s Version 2023 of its model, which came out in June.

That is the claim of Patrick Hartigan, group head of treaty,  Beazley, who told Intelligent Insurer that insurers will also have worries on inflation and increased vulnerabilities to cat events.