Signs of discipline despite soft reinsurance market
Monday, 01 11 2016, Category: Insurance and Reinsurance, Country: World
Discussing the state of the reinsurance market at the key 1st January 2016 renewals, Emil Issavi, President and CUO of Aspen Re, said that there were signs that the market has maintained some discipline, despite soft pricing and continued pressure from excess capital.
Speaking during a conference call held by analysts, where the January 2016 reinsurance renewals were discussed, Issavi noted that the industry continues to be pressured by excess capital.
“The pricing challenges created by this excess capital continued during January 1 renewals, although the impact differed by line of business and geography,” Issavi explained.