Reinsurers' results make speedy capacity recovery unlikely
The capacity crisis in the liability market shows no sign of softening in the near future, accordin...
The capacity crisis in the liability market shows no sign ofsoftening in the near future, according to three of the speakers at the
Scottish British Insurance Brokers' Association conference.
The speakers said conditions will not ease even after insurers renegotiate
reinsurance contracts because reinsurers have posted such bad results.
As David Sutherland, regional manager Scotland & Northern Ireland at AIG,
put it: "I do not think there is any hope of rates softening in the next
two or three
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