Insight and Intelligence on the London & International Insurance Markets

22 February 2012

More pain needed to turn the cycle, says Alterra CEO Becker

27 January 2012

The (re)insurance industry will have to endure more pain before the market turns even after a year of more than $100bn of insured losses, Alterra president and CEO Marty Becker has said.

Writing in a 26 January letter to shareholders ahead of the (re)insurer's fourth quarter results next month, Becker said that prior to 2011 industry commentators were predicting $50bn of insured losses would be enough to turn the market. However, despite last year's losses "the forecast that prices would...

You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.

Purchase


Share:

Insider Publishing Limited - 2nd Floor Asia House, 31-33 Lime Street, London, EC3M 7HT, United Kingdom. The content of this website is copyright of Insider Publishing Limited 2012. All rights reserved Insider Publishing Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.

Π