According to the recent January 2022 Reinsurance Renewal: An Evolving Market Leads to Divergent Outcomes briefing from ICMIF Supporting Member Guy Carpenter, January 1 renewals reflected a healthy but evolving market as reinsurers adjusted risk appetite and pricing thresholds for certain sectors in response to ongoing and emerging challenges. Despite this, the majority of placements were ultimately orderly once cedents’ terms were issued, as market participants effectively traded through a dynamic environment.