Against a backdrop of intense competition and deep rate cuts on some lines of business, many reinsurers are pondering diversification as they seek growth. Intelligent Insurer pulls together some of the strategies proposed during the Monte Carlo Rendez-Vous.
“We’re seeing a resurgence in the insurance side and increasing interest in opportunities to write insurance business across many different sectors, which I think will continue for a while.
“There are some very interesting developments in the cyber market—cyber liability in particular. There’s a general awakening going on among clients that they have some element of cyber risk within their business.”
David Reeves, CEO of Barbican Insurance
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Soapbox, Monte Carlo Rendez-Vous 2014, diversification, Barbican Insurance, Aon Benfield