Reinsurers met up in Monte Carlo last week for a round of discussion, negotiation and relaxation.
This year's Monte Carlo Rendez-Vous was as busy as ever, with insurers, reinsurers and brokers mingling in the city's glamourous hotspots.
Issues being hotly debated were the cyclical and structural industry changes, the strength of the reinsurance industry post-11 September, risk management and claims management, and increasing data demands from clients.
As ever, Bermuda was also high on the agenda as people discussed its effects on the London Market.
Another big issue being discussed was whether non-core reinsurance operations will continue to be sold, spun off or shut down, as a continuation of the current trend.
On a positive note, the general consensus seemed to be that the hard market will last for at least another year.