Autumn 2024 Opportunities: 1/1 Renewals

January 1st renewals mark the most critical period in the global reinsurance calendar, when the majority of reinsurance contracts are negotiated and renewed.

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until renewals

75%

retrocession market transacts

60%

reinsurance market transacts

18%

average annual reinsurance returns

What is reinsurance and retrocession?

Insurance Buyer

Large corporates or governments buy protection against a risk (such as hurricane).

Insurance

Insurers pool these risks together and decide what risks to keep and which to offload with reinsurance.

Reinsurance

Insurance company transfers part of its risk,
protecting itself from big losses and ensuring it can pay out claims without jeopardizing its financial stability.

60% at January renewals

Retrocession

Reinsurers passes some of their risk to another reinsurer, managing their exposure to significant losses, especially from major events like natural disasters.

80% at January renewals

Demystifying Insurance-linked Securities

Insurance-linked securities (ILS) are financial instruments that transfer insurance risk from insurers to capital markets.

  • 4x lower volatility than the S&P 500
  • 168.4% total returns for the Swiss Re Cat Bond Total Return Index
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January Renewals Timeline
September
High-level indications of demand

(Re)insurers give indication of where they are looking for capital for January

October
First look at opportunities

Exclusive early sight of opportunities through the CatX platform

November
Opportunity analysis and pricing & early quotes

Review opportunities with investment committees and assess the modelling and information

December
Final quotes and acceptance

Insurers will accept quotes and bind the remaining opportunities to close the transactions ahead of January

Start accessing January Renewal opportunities now

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