When we gathered some of the industry's leading lights
round a table in this great coastal retreat last year, we heard
tales of how hefty H1 nat cat and man made losses might hasten the
end of the latter stages of the late-soft market cycle, that
reserve releases were dwindling, the world was becoming a palpably
more dangerous place and that unprecedented low investment yields
and the danger of claims inflation meant that pure underwriting
profits had never been a higher priority.
Read on and you will see that 12 months on little has changed - except for the demonstrable sense of frustration with the state of the market that boiled over when the discussion got going! I shan't spoil the fun, but let's just say that the eternal joust between broker and underwriter was skilfully re-enacted for your delectation down at the Fairmont Hotel overlooking the azure Mediterranean sea.
Please click
here to download the 2011 Insurance Insider Reinsurance
Roundtable.