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As the industry looks toward the January renewals, Chris Donelan, CEO, Global Reinsurance shared perspectives with The Insurer TV on market conditions, discipline and expectations for an efficient renewal season.
In the interview, Donelan observed that the reinsurance market remains relatively calm as the industry approaches one of its most important renewal periods of the year. Against that backdrop, the 1/1 renewal is expected to be “pretty efficient,” reflecting a market environment characterized by continued discipline, stability and constructive engagement between reinsurers, cedants and brokers.
The discussion comes at a key point in the annual reinsurance cycle, as market participants evaluate risk appetite, pricing adequacy, capacity and evolving client needs. While recent years have brought meaningful shifts in market dynamics, the current environment appears more orderly, with participants focused on maintaining balance and ensuring sustainable outcomes.
Watch the full interview with The Insurer TV here: Sompo’s Donelan sees ‘pretty efficient’ 1.1 renewal as market remains calm | Insurer TV
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We are Sompo, a global provider of commercial and consumer property, casualty, and specialty insurance and reinsurance. Building on the 138 years of innovation of our parent company, Sompo Holdings, Inc., Sompo employs approximately 10,000 people around the world who use their in-depth knowledge and expertise to help simplify and resolve your complex challenges. Because when you choose Sompo, you choose The Ease of Expertise™.
“Sompo” refers to the brand under which Sompo International Holdings Ltd., a Bermuda-based holding company, together with its consolidated subsidiaries, operates its global property and casualty (re)insurance businesses. Sompo International Holdings Ltd. is an indirect wholly-owned subsidiary of Sompo Holdings, Inc., one of the leading property and casualty groups in the world with excellent financial strength as evidenced by ratings of A+ (Superior) from A.M. Best (XV size category) and A+ (Strong) from Standard & Poor’s. Shares of Sompo Holdings, Inc. are listed on the Tokyo Stock Exchange.
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