Page 12 - October 2022 Issue 611 Part 2

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James Kent (Global CEO Gallagher Re):

An old-fashioned Rendez-Vous focusing on renewals rather

than the future

Monte Carlo Rendez-Vous in his 64th edition has seen a departure from the soft market chatter of recent years and
a return to the more pressing issues of availability and pricing of potentially scarce peak zone capacity going into
2023, according to Gallagher Re’s global CEO James Kent.
Speaking at a roundtable discussion, Kent said that reinsurers were being cautious on property catastrophe after a high
frequency of cat events and above-average losses in recent years. “I think this year’s gathering has become a slightly
more old-fashioned Monte Carlo. It’s been a noisy conference. If you look at what the focus is down here, what is dom-
inating the conversation, it’s very much directly on the 1.1 renewals rather than what the future of the reinsurance sec-
tor looks like over the next two, three, four years as would have been the case a few years ago”.

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2022 (ôHƒàcG) ∫h’G øjô°ûJ - 611 O~©dG - ájOÉ°üàb’G ¿É«ÑdG 144