The cheapest reinsurance is not always the best
Saturday, 09 19 2015, Category: Insurance and Reinsurance, Country: World
Relying on the cheapest available source of reinsurance capacity is not advisable, according to rating agency Standard & Poor’s. Insurers seen to use cheap reinsurance capital in an undisciplined manner, could face rating downgrades the rating agency warned.
In the current softened reinsurance market environment, reinsurance capital and capacity is almost as cheap as it has ever been.