M&A uptick to boost reinsurance demand
Saturday, 09 22 2018, Category: Insurance and Reinsurance, Country: World
Hannover Re expects the recent uptick in M&A activity to be followed by further deals, but also to result in higher reinsurance demand, Michael Pickel, Hannover Re executive board member, told Monte Carlo Today.
Post-merger, insurers will often buy more reinsurance for a couple of years while they refine their reinsurance structure and seek to avoid mismatches or losses in the aftermath of the process, Pickel said.
Source: Intelligent Insurer