Ariel Re: we’re hopeful and optimistic for a boring renewal

“We’re hopeful and optimistic for a boring renewal,” Tom Orton, reinsurance underwriter at Ariel Re, told Intelligent Insurer in a joint interview with colleague Giovanni Maccioni, underwriter–property reinsurance at  Ariel Re.

“Last year, there was a kind of misalignment between what the clients thought they could buy, what the brokers thought the market would do, and what the market actually did.”

He said that everybody was thinking: “who’s going to move first?”, but then nobody moved until mid- to late December. “It was a bit stressful for everybody.”