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A survey from PwC described the sector as “stable”, “evolving” and “dynamic”. -
CEO Thierry Léger also stressed his intention to repair the carrier’s relations with Covea.
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Stefan Golling also said Munich Re’s appetite for agg covers was unchanged.
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The reinsurer is moving all its non-cat business to the new syndicate, leaving 1910 focussed on peak cat.
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The Argenta-backed MGA is already active in the cargo and property classes of business.
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Swiss Re forecasts more risk transferring to reinsurance and retro markets in the future.
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Rafael Diaz, Tiara Elward and Felipe Murcia will join BMS’s LatAm and Caribbean unit.
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Excess capacity will sustain softer rates, as organic growth challenges lead to more M&A chatter.
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Agency reactions ranged from Fitch revising down its sector outlook to AM Best keeping a positive outlook.
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The reinsurer’s new CEO said he sees no need for a radical shift in strategy.
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The post-disaster reinsurance start-up model is changing.
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Terms are expected to hold, underpinning the stronger recent performance of reinsurers.
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