Cyclone Debbie to impact reinsurance pricing
Monday, 05 08 2017, Category: Insurance and Reinsurance, Country: World
Speaking to Reuters, David Cole, the Chief Financial Officer (CFO) of reinsurance player Swiss Re, which reported a decline in Q1 net income today as a result of Cyclone Debbie, said the event was expected to impact regional reinsurance pricing.
“Debbie in itself may not have an impact that is so significant that it will have broad-reaching influence on global pricing. It certainly will have an influence on pricing in the affected market,” said Cole, in an interview with Reuters.