The reinsurance industry this past year weathered near-record catastrophe losses, catastrophe-model changes and the pressures of a challenging macroeconomic environment—but unlike 2005, reinsurers were prepared in 2011, according to a report by Guy Carpenter.
Despite challenging conditions, the reinsurance sector remains fully functional and adequately capitalized, Alex Moczarski, Guy Carpenter's president & CEO, notes in his foreword to the global-reinsurance intermediary's Jan. 2012 Reinsurance Renewal Report.
Moczarski notes that reinsurers' performance in the year is a testament to the resiliency of the market, clients' ability to differentiate themselves, and the ability of clients and brokers to match clients' needs with the right reinsurer.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
