Hurricane Katrina losses have spurred higher prices in property and marine insurance and reinsurance segments, but they may not be sustainable, a rating analyst said earlier this week.
Matt Mosher, a rating analyst for A.M. Best, and several reinsurance company executives raised concerns about pricing during a Tuesday seminar hosted by Morgan Stanley in New York, titled "The Bermuda Model: Can the Experiment Succeed?"
Mr. Mosher noted that evolving changes in rating agency models may require some companies to hold more capital–and higher capital, in turn, could drive prices down.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
