Wade Gulbransen describes a “market of opportunity” for NA property to Reinsurance News at RVS 2025
Published
Read time
“On the property side, it’s a market of opportunity, at least that is the way I would describe it. There’s been a lot of changes that have occurred in the last three to four years.”
In an interview with Reinsurance News during RVS 2025, Wade Gulbransen, CEO North America, Howden Re explained why he’s optimistic on the current reinsurance market in North America, calling it a “market of opportunity” despite recent shifts.
However, the casualty market presents a different picture. Wade explained that adverse development continues in commercial auto liability and other liability occurrences in North America, requiring a more segmented approach and a focus on careful risk selection and pricing.
“Despite challenging times, we do believe there are opportunities to make money in the casualty space, but it’s down to risk selection and how you price the business,” said Wade.
Looking ahead to 1.1.26, Wade said he believes supply will outpace demand, but changes to models and a desire for additional limits could prompt clients to seek more coverage.
“I expect that many reinsurers will look to deploy increased capacity to their existing client base first, and then look to new, attractive partnerships to deploy this additional capacity. I think this sort of strategy will lead to continued discipline in his hard market softening phase,” said Wade.