ID Comment: RenRe's Validus Re takeout could be a harbinger of the end of the hard cat market
While recent reinsurance capital raises and M&A activity will not change the supply-demand dynamics in the market on their own, they could herald more meaningful capital inflows into the sector, putting pressure on hard market conditions
As reinsurers enjoy the best market conditions in a decade, there is talk that fear is beginning to turn to greed and that capital may start returning to the sector. The end of the hard market may be closer than many expect
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