NU Online News Service, Aug. 12, 3:16 p.m. EDT
Even as Bermuda executives chatted up the Jan. 1, 2012 reinsurance pricing upside of catastrophe events and model changes recently, midyear 2011 renewal strategies varied widely along with opinions about where to bet reinsurance capital.
According to the cover feature of National Underwriter's Aug. 8 print magazine, executives like Chris O'Kane, CEO of Aspen Insurance Holdings, predict a $20-$60 billion surge in catastrophe reinsurance demand at Jan. 1, fueled by changes in RMS's catastrophe model—even if reinsurers experience no major U.S. hurricane losses this year.
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