Reinsurance market participants are showing mixed sentiments regarding price adjustments for the upcoming January 2025 renewals, as highlighted by a recent survey from Fitch Ratings. Over half of the respondents anticipate price increases, with varied expectations ranging from under 5% to over 5%, while a significant portion predict flat pricing or declines. Fitch maintains that, despite the potential easing of prices, reinsurers are well-positioned for robust profitability due to strong capital buffers and improved reserve adequacy. With a potential shift towards a softer market on the horizon, the outlook for property catastrophe pricing remains uncertain amid ongoing concerns about climate-related losses.
