Reinsurers will continue to command adequate rates for property-catastrophe in 2024, even if the market comes through hurricane season unscathed, reinsurance company executives said last week.

Kevin O’Donnell, president and chief executive officer of RenaissanceRe Holdings Ltd., and Brian Young, president and CEO of Odyssey Group Holdings, gave their assessment of the current hard market, and drivers they believe will persist into next year during a session of the S&P Global Ratings 39th Annual Insurance Conference in New York.