The Monte Carlo Rendez Vous saw lots of discussion about the mixed outlook for reinsurance. In truth, there was little new news. Reinsurance rates are still under downward pressure but talk of a floor is getting louder. This may well happen in 2017, especially for US cat rates, but having reached the nadir, we could stay there for a while until the issues of surplus capacity, limited demand growth, low interest rates and benign loss activity are addressed.
20 Sep 2016
Non-Life Insurance - Monte Carlo, plus ça change
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Non-Life Insurance - Monte Carlo, plus ça change
- Published:
20 Sep 2016 -
Author:
Joanna Parsons -
Pages:
3
The Monte Carlo Rendez Vous saw lots of discussion about the mixed outlook for reinsurance. In truth, there was little new news. Reinsurance rates are still under downward pressure but talk of a floor is getting louder. This may well happen in 2017, especially for US cat rates, but having reached the nadir, we could stay there for a while until the issues of surplus capacity, limited demand growth, low interest rates and benign loss activity are addressed.