As we sat down in the Fairmont Hotel in the heart of Monte
Carlo, our ears were
ringing with talk of new energy market initiatives and
Lloyd's syndicates.
The market was as feverish as it has been at any time since the
aftermath of Hurricane Katrina.
Except that, far from having an easy-to-follow narrative as was
then, the current story is a bittersweet mix of M&A, startup
activity and product innovation, countered by pockets of reserve
inadequacy, voluntary run-off, low stock valuations,
overcapitalisation and capital returns.
Click here or on cover image to download