As the economy continues to rebound after the pandemic, insurers expect to see growth in construction and hospitality business in 2022, said Rebecca Gitig, head of US primary liability for Aspen Insurance.
Eric Sugier, Liberty Mutual Re’s Head of Property, describes how the growing risk of flood is changing reinsurers’ approach to property, and how the industry already has the tools to help manage the threat of more frequent extreme weather events.
As the market improves, casualty reinsurers are striving to improve and optimize margins. Is it simply a matter of going through the motions, or, as Thomas Greene, head of Casualty – Reinsurance, Liberty Mutual Re, USA suggests, do reinsurers need to find a better way forward?
Nicola Parton, head of P&C Business Management at Swiss Re, explains how the rapid growth of third-party litigation funding could threaten the affordability – and even insurability – of some liability risks.