NewRe ‘not desperate for growth’ at 1/1 renewals

11-08-2022

NewRe ‘not desperate for growth’ at 1/1 renewals

Reinsurer’s CEO and CUO welcome the arrival of the hard market in certain classes and say inflation will be the hot topic at Monte Carlo this year.

NewRe may have declared a moratorium on aggressive growth in theory, but with a truly hard market in certain classes and capacity at its disposal, the reinsurer has not ruled out seizing the day if opportunities arise.

The reinsurer’s chief executive officer, Thomas Braune, and chief underwriting officer property & casualty, Dirk Herrenpoth, welcomed the arrival of the hard market in some classes, as they spoke to Intelligent Insurer in a joint interview.

“I’m happy that the market is recognising that the pricing level is no longer sustainable, after many years of softening terms and conditions (T&Cs),” said Herrenpoth.


NewRe, Hard Market, Inflation, Monte Carlo, Renewals, Thomas Braune, Dirk Herrenpoth, Global, Insurance, Reinsurance

Intelligent Insurer