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.

Fuel a smarter strategy with our actionable market intelligence

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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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Fuel a smarter strategy with our actionable market intelligence

Topics

Coutts multi-manager alternatives fund to allocate to ILS

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Pagnani’s King Ridge ILS firm to target broad range of P&C risks

Acrisure lands Reith for dual role on MGA capital and as Volante exec chairman

Perils pegs Australia Christmas storms at A$1.6bn in final estimate

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. 