Reinsurance buyers secured significant price relief and improved contract terms during the January 1 renewals, as a surge in available capital shifted the market in favor of cedants.
The latest multi-billion offer from Zurich Insurance is seen as a tactical attempt to capture Beazley's dominant cyber franchise while testing the board’s resolve with a valuation lower than previous private...
Rating agency's shift reflects a market inflection point where record US$660bn in capital has restored buyer leverage and eroded the pricing power reinsurers enjoyed during the recent hard market.
