Buyers view reinsurance as an attractive and flexible option: Swiss Re
A positive market environment makes the Swiss reinsurer bullish on opportunities and growth in three areas.
“I predict that the reinsurance buyers will ultimately come to the conclusion that reinsurance is not only more attractive and cheaper, but also much more strategic and also a very flexible solution.”
This is the view of Thorsten Steinmann, head of property & casualty reinsurance Northern, Central & Eastern Europe for Swiss Re. He was talking in the context of the reinsurer’s growth plans, also describing the current reinsurance market environment as “positive and attractive”.
He flagged three target areas where Swiss Re wants to grow the business in the longer term: core business, transactions, and solutions.
Steinmann says he plans to build on the solid foundation of the company’s performance at a group level, which has been good in the first six months of the year. He adds that he’s seen the same positive performance in his own regions.
A sneak preview: more exclusive content and interviews inside
A sneak preview: more exclusive content and interviews inside
Unique market conditions drive demand for alternative solutions
This hard market is very different from previous ones and should last longer, a panel of executives agreed at the Guy Carpenter Baden-Baden Reinsurance Symposium.
The very nature and drivers of the current hard market are very different from previous ones, meaning current market conditions may last longer and trigger more fundamental changes in the industry, including a greater demand for alternative structures and solutions, delegates in Baden-Baden have heard.
