Ceding companies are finding that a responsive reinsurance market has materialized for the Jan. 1, 2024 renewals – a reflection of ample capacity and a commercial approach to trading partnerships, according to Guy Carpenter, the reinsurance business of Marsh McLennan.

However, reinsurers have continued with their underwriting rigor during the renewals, said a report issued by Carpenter.

Reinsurance capacity increased through year end, driven by rebounding capital in the sector and healthy reinsurer returns, estimated to be near 20% for 2023, said Guy Carpenter.

In partnership with AM Best, Carpenter estimates tot

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