The industry should “stay tuned” as the revised catastrophe model from Risk ManagementSolutions rolls out, the CEO of RenaissanceRe told NU,describing the model changes and potential market impacts asmeaningful.
Neill Currie was not predicting a market change from the modelrevision alone but from the combined effect of the model andearly-year losses from catastrophic events in Australia and NewZealand.
Most Bermuda executives speaking on recent earnings conferencecalls said there was no Jan. 1 reinsurance renewal impact from thepending model change. Midyear property-catastrophe reinsurancerenewals could be a different story, however, Mr. Curriesuggested.
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