Copying and distributing are prohibited without permission of the publisher
Industry facing profitable stagnation: Thiele
09 June 2009
The financial crisis is pretty much over as far as the insurance industry is concerned, according to Patrick Thiele, president and CEO of Bermudian reinsurer PartnerRe.
Read more:
[partner re]
[patrick thiele]
[financial crisis]
The financial crisis is pretty much over as far as the insurance industry is concerned, according to Patrick Thiele, president and CEO of Bermudian reinsurer PartnerRe.
Thiele told Reactions that while the financial crisis is “pretty much done”, the industry now faces an economic crisis. Thiele also warns that the industry now finds itself in an unprecedented situation.
“For the first time in my memory exposure growth has turned negative. Because of the economic crisis the number of things being insured is beginning to drop,” Thiele says. “Even if we are able to get modest price increases there is still that...
To continue reading this article please subscribe or take a free trial to Reactions.
Already have an account?
Subscribe
Subscribers have unlimited access to all current and archive content. Start your
subscription today - click on the button below.
Free trial
Taking a free trial will give you access to the current issue for two weeks (excluding
some surveys and articles). Start your free trial today.
