Klisura of Guy Carpenter Anticipates Flat Property Cat Pricing Ahead of 2025 Renewals Post-Milton
Klisura of Guy Carpenter Anticipates Flat Property Cat Pricing Ahead of 2025 Renewals Post-Milton

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Dean Klisura, CEO of Guy Carpenter, indicated that following Hurricane Milton, there appears to be a flattening of pricing in the property catastrophe market ahead of the January 1, 2025 reinsurance renewals. During an earnings call, he noted the potential impact of recent hurricanes on pricing but emphasized that it’s still early to make definitive assessments due to ongoing wind season and the absence of comprehensive claims data. Klisura suggested that while demand for property cat coverage is expected to rise, the market remains adequately capitalized to meet client needs. He also mentioned that most of the year’s catastrophe losses would likely be shouldered by clients due to high attachment points from previous events.

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