Brindle: Hard market will spell end for cat treaty ‘sacred cows’

06 December 2022

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A hard reinsurance market reminiscent of the post-Hurricane Andrew scene will spell the end for several “sacred cows” of traditional treaty placements, Fidelis group chairman Richard Brindle told this publication. 

He listed soft market structures such as top and drops or cascading covers, as well as multi-year programs, as examples of transactions that had evaporated, alongside all-perils coverage.  

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Brindle: Hard market will spell end for cat treaty ‘sacred cows’

A hard reinsurance market reminiscent of the post-Hurricane Andrew scene will spell the end for several “sacred cows” of traditional treaty placements, Fidelis group chairman Richard Brindle told this publication.

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Brindle: Hard market will spell end for cat treaty ‘sacred cows’

A hard reinsurance market reminiscent of the post-Hurricane Andrew scene will spell the end for several “sacred cows” of traditional treaty placements, Fidelis group chairman Richard Brindle told this publication.

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Uncover exclusive insights tailored for insurance leaders

Topics

Universal ‘seeing more entrants coming into the market’: CEO Donaghy

ILS managers can differentiate on ESG factors: panel

Cyber ILS market 'yet to be tested’: panel

Sponsors routinely weigh cat bonds as part of their risk transfer strategy: panel

Jamaica’s $150mn cat bond prices at upper reach of guidance

A hard reinsurance market reminiscent of the post-Hurricane Andrew scene will spell the end for several “sacred cows” of traditional treaty placements, Fidelis group chairman Richard Brindle told this publication. 