The reinsurance landscape is evolving rapidly, reshaping how carriers manage risk and structure their products. This session will provide a high-level overview of current reinsurance market trends and explore the changes emerging in reinsurance contract wording, from new clauses and clarified responsibilities to evolving definitions and conditions that reflect today’s risk environment. We’ll also examine how shifts in reinsurance contract terms flow directly into the primary market, influencing product development, coverage decisions, and underwriting strategies. The discussion will include a look at major catastrophe contracts and the growing list of exclusions tied to emerging exposures such as climate-related risks, litigation trends, and new environmental hazards. Attendees will walk away with a clearer understanding of the implications reinsurance contracts have on primary insurance products and how carriers can navigate these changes to stay competitive and compliant.