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Daily Digest: Aon's Nudo on US casualty reinsurance, AI increasing physical cyber risk, Fitch on Jamaica cat bond
Catch up on the essential news and analysis from the Insurance Day experts
US casualty reinsurance capacity 'adequate' going into 1/1
Casualty reinsurance renewals are expected to be calm at January 1, as cedants have pulled back from some of the more troubled
parts of the casualty market, and reinsurers are more confident in their
US casualty risk exposure, according to an Aon executive. “Reinsurance capacity is adequate in the market, with a trend towards slightly expanding,
and the underlying primary market is still strong, so we think that will lend itself to an orderly January renewal,” Nick
Nudo, US casualty segment leader for Aon’s Reinsurance Solutions, tells Insurance Day.