The 2019 Monte Carlo Reinsurance Rendez-Vous de Septembre, the 63rd edition of the reinsurance, insurance and insurance-linked securities (ILS) gathering was held in Monaco on the south coast of France, between 7th-12th September 2019, where insurers, reinsurers, brokers & ILS funds met to discuss the next major reinsurance renewals season of January 2020.
GIC Re delegation at Monte Carlo this year was led by General Manager and Joint in Charge , Mrs Reena Bhatnagar, General Manager, Mr Devesh Srivastava, General Manager, Mr Ramaswamy Narayanan and DGM, Mrs Girija Subramanian
Since 1957, reinsurance companies, insurer clients, investors and service providers have met in the sun (and occasionally rain) in Monte Carlo, Monaco at the reinsurance Rendezvous event, making it a busy time for analysis, news and insight on the market. These days, the ILS fund market is a fixture at this industry conference as well. This conference normally discusses the latest developments in the global reinsurance industry and sets the tone for the outlook for the 1st January renewals.
The main message from this conference was that reinsurance pricing would be flat or moderately rising for 2020 as retro capacity was “tight but sufficient” for 1st Jan 2020 due to trapped collateral. Participants observed that the ILS markets are willing to go deeper into Reinsurance markets but needs to price for trapped collateral.