Reinsurance

Aon executive Daniele de Bosini said reinforced infrastructure had mitigated the impact of recent disaster events.

European storm Boris could have taken a much worse toll on (re)insurers, but improvements to infrastructure and underwriting standards made it less impactful than it could have been, Daniele de Bosini, strategic growth leader for EMEA at Aon reinsurance solutions, told Insurance Insider in a live video interview at Baden-Baden.

More public-private partnerships are needed to keep cat risk affordable.

European property cat rates stabilised and, in some cases, decreased this year following corrections in 2023.

Continental cedants are looking for support for third and fourth events.

Jens Melhorn, Head of Property Treaty for EMEA at Swiss Re discusses key reinsurance topics, including global conflicts, natural catastrophe trends, and the growing need for public-private partnerships to keep insurance affordable.

European casualty business is not exposed to the challenges of the US market, with its social-inflation pressures, Aon co-CEO of reinsurance solutions EMEA Tomas Novotny reiterated during a video interview with Insurance Insider at this year’s Baden-Baden conference.

Capital diversity can only be achieved when there are more options for third-party providers to access.

The company said $13bn-$22bn will come from wind damage.

The carrier highlighted Italian and French hail events in recent years.

The estimate includes private cover for residential, commercial and industrial property.

With the storm’s losses looking more favourable, questions over rates and gross/net strategies will arise.