Reinsurance leaders highlight intensifying market competition

Reinsurance industry leaders at the 68th RVS conference highlighted intensifying competitive pressures within the market. While some sectors are experiencing softening, experts noted that specific markets and products remain attractive to cedents who are seeking increased creativity, responsiveness, and transparency from their partners.

David Govrin, CEO of Global Reinsurance & London Market Specialty at SiriusPoint, observed that while demand is rising due to climate change, geopolitical risks, and technological shifts, the significant deployment of capital over recent years is fueling competition in various areas. The industry continues to navigate a fragmented landscape where different sub-markets experience varying levels of attractiveness and demand.