David Flandro, Head of Industry Analysis and Strategic Advisory at Howden Re, recently spoke with Antonio Grimaldi, Partner at McKinsey & Company, about the current state of the reinsurance market and industry priorities discussed in Monte Carlo.
During the discussion, Flandro compared the present market environment to previous years. He stated, "This is very different from Monte Carlo last year, or certainly the year before, 1.1.23 and 1.1.24 were a very different type of market than what we’re in now. Now, we think that we’re past the pricing peak, we’re in this era of hard market softening."
Flandro also referenced Howden Re’s latest report titled ‘Who dares wins: Innovation in an era of hard market softening’. He emphasized that reinsurers will need to innovate and adapt as they navigate this new phase of the market cycle.
The full interview is available on LinkedIn.