‘Sophisticated’ reinsurers will see cat books become ‘acceptably profitable’ in 2023: Gallagher Re’s Vickers
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‘Sophisticated’ reinsurers will see cat books become ‘acceptably profitable’ in 2023: Gallagher Re’s Vickers

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Price increases, restructured programmes and tighter terms and conditions on property cat business will mean many reinsurers’ cat portfolios will be “acceptably profitable” in 2023 after years of poor returns, according to Gallagher Re’s James Vickers.

The broker’s international chairman told this publication that those reinsurers that have “confidence in their own pricing models” and that have “diversified” books of cat business will achieve a healthier performance this year, although high costs of retro may...

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