Reinsurance, growth, and wildfires

Dominic Evans, Manager of the Polar Capital Global Insurance Fund, reflects on the 1 January 2025 reinsurance renewals, where he believes pricing normalised but remains highly attractive. He discusses the portfolio’s exposure to the recent California wildfires and, highlighting the strong book value growth of the fund’s companies, explains why he remains optimistic about the sector’s growth trajectory and in particular the opportunities in reinsurance.