Aon Benfield CEO: conditions not in place for market turn
The (re)insurance industry has not suffered a capital hit this year that would lead to a broad-based hard market, Aon Benfield co-CEO Dominic Christian has said.
And attritional loss ratios are not running high enough to turn the market on their own, Christian added.
Speaking at The Insurance Insider's pre-Monte Carlo executive briefing in London today (8 September), Christian assessed the prospects for a hardening market before delivering a bearish conclusion.
"New Zealand and Japan, while sizeable events, do not...
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