Alleghany boss warns of cracks in P/C model; alternative capital ‘monster’ may not pay claims

23-02-2017

Weston Hicks, the president of Alleghany Corporation, which owns TransRe, has said that cracks are starting to appear in the foundations of the property/casualty industry and stressed that the so-called alternative reinsurance markets remain untested in the aftermath of a big loss warning that the industry may have created a monster.


Alleghany, TransRe, Results, North America

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