Reinsurers resist multi-year renewals: GC

Reinsurers pushing back against aggressive buying strategies from
primary carriers are reducing the amount of multi-year cover they
are willing to write, according to Guy Carpenter.
In a briefing note released ahead of the annual Monte Carlo
Rendezvous, the broker said the willingness to write multi-year
cover was being effected by a sentiment in the market that
increasingly leaned towards the belief prices are nearing a bottom
and are poised to stabilise in the near future.
Guy Carpenter head o