Reinsurers to focus on pricing sustainability at 66th RVS, poll finds

According to a recent Reinsurance News poll, sustaining price levels is perceived as the main focus of conversations for reinsurers at the 66th Rendez-Vous de Septembre (RVS) in Monte Carlo.

With the global reinsurance industry soon to meet at RVS, we asked industry participants what the focal point for reinsurers is likely to be.

38% of respondents to our poll said that sustaining price levels will be the main focus, while 25% said sustaining attachments & terms.

This will come as no surprise to many readers given conditions are still favourable and discipline is being maintained.

Our findings align with Moody’s recent annual survey of global property & casualty reinsurance buyers, where most respondents said they expect prices to remain stable or increase in 2025, indicating that reinsurers are likely to uphold healthy pricing and strict terms across most business lines for another year.

As per the rating agency, around 61% of respondents to its 2024 survey anticipate stable or rising prices for property reinsurance lines, while 91% have similar expectations for casualty reinsurance.

Turning back to our poll, 24% said that responding to rising demand will be the main focus at RVS, while just 14% said broadening portfolios, suggesting that growth strategies remain secondary to maintaining pricing and terms in the current market environment.

During Guy Carpenter’s recent pre-Monte Carlo media briefing, President and CEO, Dean Klisura and Chairman David Priebe reiterated this sentiment, noting that while pricing is expected to continuously recalibrate, program restructuring is likely to be sustained.

“Reinsurer returns on equity remain very, very strong, so reinsurers want to hold their positions, want to be disciplined, and they want to write more business as we head into 2025. But we do expect continued and sustained underwriting rigour in the marketplace,” Klisura added.

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