A recent Guy Carpenter report reveals a notable 10% to 15% surge in reinsurer appetite for property catastrophe renewals, despite just a 5% rise in demand, leading to oversubscription. With projected returns on equity at 17.3% for 2024 and a $607 billion reinsurance capital pool, non-loss-impacted renewals saw rate reductions of 5% to 15% as industry catastrophe losses fell to 14% of total costs. Source and details of the news