Light-touch syndicates’ 2020 planned premium growth is 14 percent, compared to 3 percent for the wider market.
The new conduct and governance regime will significantly increase regulatory requirements for brokers from next week.
Buyers look to alternative risk transfer options as stressed market conditions continue.
Data from the Q3 CIAB pricing survey provides solid evidence the market today is well beyond anything seen since the turn of the decade.
The reinsurer said it had it ceded $900mn more exposure overall into the alternative reinsurance market in 2019.