Reinsurers sound bullish note for 1.1 on Bernd and climate change
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Reinsurers sound bullish note for 1.1 on Bernd and climate change

Rachel Dalton
25 October 2021
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GERMANY-WEATHER-FLOODS-STORMS
AFP via Getty Images

Reinsurance market sources are predicting increases of 5%-10% on clean European cat programmes and 20%-30% rate hikes on loss-hit covers, as reinsurers cite Bernd flooding as an indication of the increasing cost of climate change on the continent.

Discussions at and around this year’s Baden Baden conference centred on how the impact of Bernd should be spread among cedants, as well as the still ongoing issue of unresolved disputes over how 2020 treaties should respond to Covid-19...

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Rachel Dalton
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