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Flooding from the remnants of Hurricane Debby has taken carriers by surprise. -
The company is currently “underweight” in that line of business, he added.
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Some Canadian cedants have approached the market for top-up cover.
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London reinsurance sources said the pool has done very little to improve the attractiveness of Australian cat business.
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Italy is seeking to address an insurance protection gap that is much higher than in other European countries.
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Swiss Re, Munich Re, Hannover and Scor each have challenges that will influence their renewal behaviour.
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Negotiations are getting tougher, but overall market capacity is stable.
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Cat bond funds have been attracting inflows while confidence is patchier across collateralised re.
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Munich Re's core message this year is that its risk appetite is “quite stable”.
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CEO Thierry Léger claims the “insurability” of global risk is becoming “challenged”.
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Brics UW will allow emerging-market reinsurers to tap into London’s distribution.
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In his first interview as Swiss Re CEO, Andreas Berger acknowledged the mistiming of casualty growth, a purist approach on reserving and organisational complexity.
