Follow Us

Follow us on Twitter  Follow us on LinkedIn
 

12 September 2013

CRE: Reinsurers expect stable renewal with limited impact from alternative capital


Default: Change to:


Despite excess capacity and new capital inflows, Europe's four largest reinsurers continue to expect overall price stability in 2014. All four have downplayed the impact of the new capital, saying capital markets continue to play in a very small part of the insurance market.


The four European reinsurers all said that they do not see the alternative capital entering the reinsurance market as a threat, noting it is currently limited to a small proportion of their business.

"We look seriously at this development but it has only a marginal impact on Munich Re, and the same is probably true for most diversified reinsurers", said Torsten Jeworrek, Munich Re Board Member, at the company's press conference in Monte Carlo.

Both Swiss Re and SCOR announced moves to write more US casualty reinsurance. Swiss Re is positioning itself for an expected turn around in reinsurance pricing. At its press conference in Monte Carlo the reinsurer said that it was now pursuing controlled growth in anticipation of rising rates in the next few years.

Full article



© Commercial Risk Europe


< Next Previous >
Key
 Hover over the blue highlighted text to view the acronym meaning
Hover over these icons for more information



Add new comment