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.”
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