More (re)insurers are likely to suffer financial crises of the kind that have engulfed Tower Group and Meadowbrook due to underpriced business and under-reserving in the low interest rate environment, says industry entrepreneur Bill Berkley.
More (re)insurers are likely to suffer financial crises of the kind that have engulfed Tower Group and Meadowbrook due to underpriced business and under-reserving in the low interest rate environment, says industry entrepreneur Bill Berkley.