Trade groups question reinsurance protectionism after 2011 cats
Only $80bn out of $145bn renewed on 1 January, says Aon Benfield co-CEO
Leading CROs and consultants give their views on how regulators and politicians may handle outstanding Solvency II implementation issues this year; on business strategy in response to this; and on the outlook for natural catastrophes. Here is a compilation of responses to the questions InsuranceERM asked experts just before Christmas
Under Solvency II the biggest cat capital charges are attracted by pandemic and terrorism risks. Anny Sun explains how more precise modelling of these is developing and why catastrophe excess-of-loss cover remains cost effective in mitigating extreme mortality events (except for pandemics).
Reinsurance offers more flexibility than the capital markets since its structure can be adjusted to the development of the risk profile every year, says Margarita von Tautphoeus, head of Solvency consulting at Munich Re
The financial crisis hasn’t dented re/insurers' capital too badly. Sources of capital remain to be tapped. But pray for a light hurricane season, says Helen Yates.