Interviews

Stephen Catlin: There’s ‘more pain to be suffered’ as market remains in Covid-driven ‘turmoil’

By 2021-04-22T07:27:00

turmoil, covid

The direct market is assuming control from reinsurers to steer pricing corrections, while the ‘far-reaching financial consequences’ of the pandemic are yet to be fully understood by the industry, says (re)insurance chief executive

The insurance industry is currently “a market of turmoil”, with “a lot more pain to be suffered” before challenging market conditions level out into “good times again”, according to Stephen Catlin, chief executive and chairman of international specialty (re)insurer Convex.

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