Scott Egan expects attachment points to be a live debate at 1.1, and he noted that the market has the receipts close to hand this time.

I definitely think attachment points will come under debate as we go into the 1.1s, etc.

But the great news is you don't have to go back too far to look at lots of frequency events where you can see where they attach.

So I think data is your friend let's not get carried away on a few good quarters right I'm afraid we don't price risk on that basis and I think that was the correction in 23 there was two big things happened one the level of attachment point and the other were the rates and both happened and I think the rates are softening I see less I see less not completely zero but I see less softening in what I would call some of the structural aspects

Scott Egan at Serious Point and Paul Brand at Convex both pointed to the same solution.

I think everyone has got lots of opportunities to deploy their capital.

Obviously, I would say priority one for most people is always organically, how do we deploy that capital? And I think that's why you're seeing some of the rate pressure as people look to use that to grow.

Obviously, you can grow inorganically.

Have we learned in more traditional lines? I mean, casualty shines in some lights here, but also the cycle in property as well.

Yeah, I think people are too quick to talk about the market cycle and everything, you know, market softening.

I think what we see is we see softening in some areas.

We don't see it in all.

The poster child is always property car.

And when you're sitting here in Monte Carlo, you know, sometimes I feel like it's, you know, that's all everyone wants to speak about.

There is much more to the insurance and reinsurance markets than property.

I'm not going to ask you to make a specific prediction, but with all that you've said, as we stand now at Monaco 2026, what's your forward look at the moment of things to watch out for, things to keep an eye on as we go into 1-1s, but also beyond?