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2012
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- Press Center
10 September 2012 | In The News
State of the Global Reinsurance Market 2012: John
Vasturia takes part in A.M. Best Webinar
State of the Global Reinsurance Market 2012: John
Vasturia takes part in A.M. Best Webinar
September 10, 2012 – Munich Re's John Vasturia, President, Regional Clients, joined A.M. Best analysts and others at A.M. Best's State of the Global Reinsurance Market 2012 webinar held 7 September 2012.
The discussion focused on developments among the world's
reinsurance markets, including emerging markets like Brazil and
Africa. Panelists also discussed, among other topics, A.M. Best's
stable outlook for the reinsurance sector, catastrophe modeling,
and the impact of pricing discipline on capacity.
While panelists agreed that there is generally adequate capacity
for property catastrophe program needs, buyers must understand that
such capacity comes at more sustainable prices than in the recent
past as reinsurers, in general, demand adequate prices for the
risks they assume. "The question you have to ask yourself
constantly is," Vasturia pointed out, "are you getting the proper
premium for the risk that you take?"
Philip Campbell, of BMS Intermediaries, added that buyers
expecting less than risk-adequate prices typically required by
today's reinsurers risk falling short in coverage for their
property/catastrophe programs.
Philip Campbell, of BMS Intermediaries, added that buyers expecting less than risk-adequate prices typically required by today's reinsurers risk falling short in coverage for their property/catastrophe programs.
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