NU Online News Service, Sept. 12, 2:34 p.m. EDT
Ample capacity within the reinsurance market indicates no broad-based hardening in the insurance marketplace, but the three major insurance brokers differ over what direction the industry will be taking in the future.
Alex Moczarski, president and chief executive officer of Guy Carpenter, the reinsurance brokerage subsidiary of Marsh & McLennan Companies, called the reinsurance and insurance industries “adrift and directionless” due to uncertainty involving the world's economy, possibility of inflation, and diminished reserve releases.
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