Soft market worries (and too much meat)
The reinsurance industry should be concerned by the trends of protectionism and nationalism that are becoming increasingly prevalent, Ingrid Carlou, chief executive, Patria Re, told Baden-Baden Today.
Carlou said she fears that the world is entering a phase where protectionist policies will become increasingly accepted. “We are seeing more of the tendency worldwide for protectionism, populism and nationalism,” Carlou said.
“An idea held by many is that the world operates in waves of 30 years. In that context we saw the Thatcher era, and the globalisation era—what is next? Will it be the technological era or a national-protectionist wave?”
For Patria Re, she said, it is business as usual in the context of the company continuing to diversify and grow. At the end of 2015, it launched a Lloyd’s special purpose syndicate in partnership with Ironshore via its Pembroke Managing Agency. Patria Re SPS 6125, which was launched with an approved stamp capacity of £15 million ($18 million), underwrites a portfolio of short tail exposures for Latin American specialist lines of business.
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Patria Re, Europe, Ingrid Carlou, Insurance, Reinsurance, Baden-Baden 2016, Protection gap, Technology, IT, Risk management