Haiyan to have “little or no impact” on renewals

Despite total economic losses estimated between $6.5 and $14.5 billion, Typhoon Haiyan will have little or no impact on renewals or reinsurance uptake in the region. That is the opinion of Malcolm Steingold, CEO of Aon Benfield for Asia Pacific, Matt FitzGerald, managing director, reinsurance, Arthur J. Gallagher and James Vickers, chairman of Willis Re International, who echoed similar views.