BMS Briefing
Welcome to BMS Briefing, our newsletter for clients. In this issue we focus on the challenges for insurers and reinsurers in the property catastrophe market.
The last 18 months has proved relatively uneventful from a catastrophe perspective, though flooding in the UK was a salutary reminder of how fast the mood can change. The absence of significant events has given insurers the opportunity to repair balance sheets, but has also seen premium income start to tail off again as rates fall following the return of capacity to most parts of the market.
Against this backdrop, we have been working with clients and markets to put together deals which make the most of the current conditions and go some way towards ‘plugging the gaps’ where capacity has yet to return.
We hope you find our views and analysis interesting and look forward to your thoughts and comments.
Hugo Crawley
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