Calmer seas ahead? The 2015 Monte Carlo agenda
The 10th annual Pre-Monte Carlo Executive Briefing, hosted by The Insurance Insider on 9 September, saw hundreds of industry professionals gather together to gain an insight into the key issues affecting the global (re)insurance market.
Delegates may have been braced for more doom and gloom – and while speakers admitted times were still tough, some comfort perhaps could be found in predictions that market conditions are beginning to stabilise.
Paddy Jago, global chairman of Willis Re, opened proceedings with insights from the broker’s latest research paper, which found that levels of reinsurance capital had started to plateau after years of growth.
Dedicated global reinsurance capital has remained at $425bn, the recordbreaking amount first reached at the end of 2014, according to the report’s findings. This included $65bn of insurance-linked securities capital.