Welcome to the latest episode in Gallagher Re's post-renewals podcast series, where we go beyond the headlines of rate movements, T&C tussles, and retention levels and investigate some of the reasons why 1.1 played out in the manner it did, what lessons can be learned and what we might infer for future renewals. In this episode, host Charlie Thomas investigates the April renewals, including why cedant and reinsurer expectations were better aligned than at 1.1, the differing dynamics at play in what is a Japan-dominated set of negotiations and why the normally benign personal accident class presented carriers with a tricky challenge in 2023.