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Reinsurance: While Climate Change Could Drive Volume, Headwinds Coming From a Soft Cycle

Henry Heathfield

Sep 25, 2025

In taking a closer look at European reinsurers, we think that while the industry could be faced with higher volume as a result of climate change, buoyant returns from a harder market have attracted capital. That has led to the cycle turning, and that is more important in the medium term.

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Reinsurance: While Climate Change Could Drive Volume, Headwinds Coming From a Soft Cycle

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