Treaty Business Grows to £10.9bn in 2023: Insights and Trends
Monday, 9 September 2024, 23:00
Significant Growth in Treaty Reinsurance
This year, treaty reinsurance written in the London company market surged to £10.9bn ($14.3bn), representing a growth of almost one-third compared to £8.3bn in 2022.
Key Drivers of Growth
- Increased demand for innovative solutions
- Market resilience amidst evolving challenges
- Expansion of risk appetite among reinsurers
Implications for Stakeholders
The rise in treaty business reflects a concerted push within the reinsurance industry to adapt and respond to changing market dynamics, fostering opportunities for growth.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.