Thu, 10/13/2016 - 09:27
At our October meeting Greg Lockard, Director of Reinsurance Operations at Shelter Reinsurance provided a very interesting presentation on how various economic, political, and international aspects are all impacting reinsurance including:
- a strong US dollar,
- a soft market,
- low interest rates,
- Solvency II,
- ongoing discussions about insurance regulation, and
- investor interest in insurance as an asset class (alternative capital)
Of special interest to US-based reinsurance companies is the impact of Solvency II and issues with the US and European Union regarding a covered agreement addressing foreign reinsurance collateral and US "equivalence."
See a related Op-Ed article in the Columbia Daily Tribune written by Rick Means, President & CEO of Shelter Insurance.
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