Retro renewals slow in face of capacity shortfall
Posted On: Dec. 19, 2022 9:27 AM CST![Reinsurance](https://bicontent.businessinsurance.com/90d6684c-bd86-4f9c-a876-00861d502120.jpg)
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.