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Reinsurers Urged To Fight Unjustified Claims

Reinsurance Editor

Monte Carlo

To preserve the reinsurance industrys capital base for policyholders and shareholders, it is necessary for companies to pursue “sound professional underwriting” and active claims management where unjustified claims will be fought, according to Walter B. Kielholz, managing director and chief executive officer for Swiss Reinsurance.

In the area of underwriting, Mr. Kielholz emphasized that the reinsurance industry needs to go “back to the basics,” so that companies can obtain a combined ratio below 100 in all markets and lines of business.

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