Analysis

Briefing: Reinsurer says enough is enough as nat cat costs continue to rise

By 2024-04-03T08:00:00

natural catastrophe (2)

With natural catastrophes affecting all worldwide jurisdictions in some way, shape or form, reinsurer emphasises that steps must be taken now to implement change and reduce insured losses

While the Dali ship’s collision with the Francis Scott Key Bridge in Baltimore and Lloyd’s of London’s financial results at the end of March 2024 captured most of the insurance-related headlines, last week also saw the opening salvo in what is likely to be a far more fundamental debate for the wider industry.

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