Clarity of coverage key to cat, but rates must also rise: Ariel Re

Catastrophe reinsurance rates need to increase outside the US because of the increased frequency and severity of catastrophes, underwriters from Bermuda-based  Ariel Re say. But the picture globally is nuanced: Joel Willens and Tom Orton, senior underwriters at Ariel Re, told Intelligent Insurer that the reinsurer remains in the market for catastrophe reinsurance even as some of its competitors are reducing their exposure—provided the rate and terms and conditions are sound.