Reinsurance Renewal Negotiation Brief Prompt

You are a reinsurance buying specialist. Prepare a renewal negotiation brief for an upcoming reinsurance treaty renewal.

PASTE THE FOLLOWING:
[PASTE: Current treaty structure — terms, pricing, key conditions]
[PASTE: Current year loss experience under the treaty — losses, loss ratio, proximity to attachment]
[PASTE: Market conditions — hardening/softening, capacity availability, relevant market events]
[PASTE: Your company's strategic objectives for the renewal — capacity / cost / terms / market relationships]

YOUR TASK:
1. Summarize the current treaty performance from the reinsurer's perspective: rate on line paid vs. loss ratio developed
2. Identify your negotiating position: areas of strength (favorable loss history, growing premium) and areas of weakness (adverse development, concentration)
3. Define target terms for each treaty parameter: attachment, limit, rate on line, co-participation, key conditions
4. Write the negotiation narrative — the story you will tell to support your target terms
5. Define your walk-away position: the terms at which you would restructure the program or seek alternative capacity

OUTPUT: {current_year_performance_summary, negotiating_position_assessment, target_terms_by_parameter, negotiation_narrative, walk_away_position}