What's going to happen at Monte Carlo? What subjects will be the most talked about?

o Matthew Mosher, group vice president for A.M. Best, said the issue going into Monte Carlo this year will be “the cycle itself–and the pressures [reinsurers] will have balancing market-share issues with profitability, given where the market is going without a major event.”

He noted that although Hurricane Dean was a major event, it could have done much more damage if it had hit a more populated area. “So, there still isn't that major event. There will continue to be some pressure on pricing, and to me, that will be the biggest issue–the balance of maintaining position, as well as maintaining a reasonable level of profitability because there will be a significant amount of pressure.”

Recommended For You

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:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.