The head of a reinsurance firm has clashed with an insurancebroker and other executives over the issue of whether brokerinvestments in insurance carriers and carrier stakes in brokers areproper.
Dr. Nikolaus von Bomhard, chief executive officer of Munich Re,kicked off the controversy when he counseled against suchinvestments at a CEO Leadership Panel at the World Insurance Forumin Southhampton, Bermuda, drawing dissenting views from otherexecutives.
Dr. von Bomhard raised the issue during a discussion of the rolethat intermediaries have in the world since New York AttorneyGeneral Eliot Spitzer's revelations of bid-rigging practicesinvolving brokers and insurers.
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