Vickers: Reinsurance market ‘very sensitive’ to inflation or loss surprise

01 July 2022

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The reinsurance market is “really very sensitive” to any deterioration in assumptions over inflation and interest rates or major cat losses, Gallagher Re managing director of EMEA North and East James Vickers said.

This comes as the broker released its mid-year renewals report noting that cat pricing in Florida and Australia was approaching distressed levels, as reinsurers have withdrawn capacity for frequency covers.

The

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Vickers: Reinsurance market ‘very sensitive’ to inflation or loss surprise

The reinsurance market is “really very sensitive” to any deterioration in assumptions over inflation and interest rates or major cat losses, Gallagher Re managing director of EMEA North and East James Vickers said.

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Vickers: Reinsurance market ‘very sensitive’ to inflation or loss surprise

The reinsurance market is “really very sensitive” to any deterioration in assumptions over inflation and interest rates or major cat losses, Gallagher Re managing director of EMEA North and East James Vickers said.

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Fuel a smarter strategy with our actionable market intelligence

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Willis looks again to Marsh for aviation buildout with UK MD Standing

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Co-op did not have cyber coverage for ransomware attacks

Axa XL London international liability head Rowland to exit for Gen Re

Axis head of construction global markets Woolley to join Markel

LSM construction underwriting manager Jones to exit