Reinsurers of the future will embrace ILS
Saturday, 10 27 2018, Category: Insurance and Reinsurance, Country: World
Ron Diaz, Executive Vice President (EVP) and International Department Head at Everest Re, has said that the reinsurer of the future will need to embrace third-party capital and the insurance-linked securities (ILS) space.
He added: “The idea that you’re competing against them is probably correct, we are competing with them. But, at the same time, they are here to stay, they aren’t going anywhere and last year kind of proved that.”