Retro renewals slow in face of capacity shortfall

Retrocessional reinsurance renewals remain stagnant for 2023 with many reinsurers unclear how much retro protection they can secure due to a lack of capacity, Artemis reported. Analysts at Keefe, Bruyette & Woods Inc. said that the lack of retro capacity, which seems to be worsening with every company pull-back from the space, is prolonging the delays in quoting for renewals.