Reinsurers are officially back in business as insurance companies returned as buyers this year. But a trend exemplified by Chubb’s venture with BlackRock could dampen any potential surge in demand, executives said just before midyear renewals.
Executive Summary
The creation of a new wave of hedge fund reinsurers—assuming business from their sponsors—could put a damper on an uptick in reinsurance demand that reinsurance company executives reported around midyear.Speaking at the Casualty Actuarial Seminar on Reinsurance in late May, three executives of reinsurance companies, who are also casualty actuaries, revealed the conflicting trends in response to a question from panel moderator Aaron Koch, director and consulting actuary for the ILS Group (P/C) of Milliman.
