Against a backdrop of one of the toughest year-end renewals the industry has seen in decades, this conference will examine the structural changes taking place in the European markets as a result of a plethora of forces ranging from inflation to climate change to consolidation.  We will look at the dynamic between re/insurers and buyers and whether the key changes being sought in contracts, including higher retentions and a focus on single-peril coverages, came to pass, or whether a compromise was reached.  Whatever the outcome, longer-term forces such as higher expected losses, climate change and changes to the retrocessional market mean a longer-term evolution for the market.