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ARTICLE · 27 DECEMBER 2021

Holding Their Nerve: Harder Rates Should Persist For Reinsurers

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A panel of seasoned executives from Bermuda's vibrant reinsurance sector debate rates, capacity, startups and climate change in this reinsurance roundtable.

BermudaInsurance
Josephine Noddings
Josephine Noddings
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Bermuda Finance 2021/2022, Reinsurance Roundtable, in association with AXA.

A panel of seasoned executives from Bermuda's vibrant reinsurance sector debate rates, capacity, startups and climate change in this reinsurance roundtable.

Q1: HOW WOULD YOU CHARACTERISE MARKET CONDITIONS FOR REINSURERS?

Paul Simons: I head the property unit for our global markets segment and I also lead our Bermuda reinsurance division.

The reinsurance market is always fascinating, and I believe it will be even more fascinating in 2022.

The last five years have been difficult due to significant cat activity and resulting losses; 2021 has been no exception. The frequency and intensity of cat events have increased.

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