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Antares reinsurance head expects orderly renewals, not softer pricing

He said pressure will be directed at end-of-year renewal negotiations, but reinsurers will stay focused on portfolio quality and data.

Reported · Written up by our desk · Reinsurance

Mat Storr, head of reinsurance at Antares Global, said the reinsurance market is moving toward an “orderly renewal” phase and that he does not expect a return to indiscriminate soft-market pricing even as capital remains abundant, according to Artemis.

Storr said buyers market conditions are expected to persist for some time, with pricing pressure likely to show up during end-of-year reinsurance renewal discussions. He added that reinsurers plan to remain disciplined, prioritizing portfolio quality rather than simply deploying available capacity.

He also described how the industry has learned from the past decade, pointing to tighter scrutiny around attachment points, exposure quality, data, governance, and long-term profitability. Cedants with strong underwriting discipline, transparent data, and consistent performance should continue to receive more favorable outcomes, while those relying on optimistic assumptions, weaker governance, or insufficient exposure controls may face increasing selectivity.

Antares said pricing pressure is continuing across property, marine and specialty, and casualty lines as capacity returns and reinsurer appetites improve. The company noted that cedants with strong data and clean loss experience are achieving better results on both price and structure.

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