Additional reinsurance demand seen for January renewal
Tuesday, 10 25 2016, Category: Insurance and Reinsurance, Country: Europe
There is likely to be some incremental or additional demand for reinsurance capacity from European and German cedents at the key January 1st 2017 reinsurance renewal, according to global player Hannover Re.
Speaking at global reinsurance firm Hannover Re’s press briefing in Baden-Baden today, Michael Pickel, a member of the company’s Executive Board explained that discipline remains important in the challenging reinsurance market environment, but that some new demand for capacity is expected.
“In view of the ongoing low interest rate environment the insurance industry will continue to be put to the test, which is why technical pricing is equally important for insurers and reinsurers alike,” Pikel explained.