NU asked several execs at several major reinsurers: What do you consider the greatest challenges to the reinsurance business as 2014 approaches, and conversely, where do you feel its greatest opportunities lie?
Amer Ahmed, CEO, Allianz Re
In my view, one of the biggest concerns for the industry—not only for 2014 but for the foreseeable future—is the increasing impact of natural catastrophes. Economic and insured losses are rising due to increasing value concentrations and rising insurance penetration, as well as due to an observed increase in number of weather related cat events. In fact, there is a significant gap between economic and insured losses which raise the question of if insurers should be doing more to take the strain of such events for society and the economy.
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Shawn Moynihan
Shawn Moynihan is Editor-in-Chief of National Underwriter Property & Casualty. A St. John’s University alum, Moynihan has earned 11 Jesse H. Neal Awards, the Pulitzers of the business press; seven Azbee Awards, from the American Society of Business Press Editors; two Folio Awards; and a SABEW award, from the Society of American Business Editors & Writers. Prior to joining ALM, he served as Managing Editor/Online Editor of journalism institution Editor & Publisher, the trade bible of the newspaper industry. Moynihan also has held editorial positions with AOL, Metro New York, and Newhouse Newspapers. He can be reached at [email protected].
