Free Trial

Reactions Copying and distributing are prohibited without permission of the publisher

Reality check needed for regulators

07 September 2009

PartnerRe chief executive Patrick Thiele believes the weather is set fair for the end of year renewals but sees clouds on the horizon related to regulation.

Read more: PartnerRe Patrick Thiele regulation

PartnerRe chief executive Patrick Thiele believes the weather is set fair for the end of year renewals but sees clouds on the horizon related to regulation. “The weight of regulation is a growing problem for the global insurance industry and I’m concerned that regulators are overreacting to what happened at one big insurance company that got into difficulties,” Thiele told the Rendez-Vous Reporter.

Thiele says the financial crisis demonstrated how the wider insurance and reinsurance industry has improved its ability to...


  • Peru Earthquake Mw6.3 30 Jan 2012 - Updated 1 February. On Monday, 30 January a magnitude Mw6.3 (regional moment ...
  • US Severe Convective Storm 24 Jan 2012 - A severe weather outbreak across the southern U.S. late Sunday, 22 / ...
  • Tropical Cyclone Heidi 12 Jan 2012 - Around 18:30UTC on Wednesday, 11 January (04:30am Wednesday, 12 January, local time) ...
For more catastrophe reports, data and news, click through to the RMS/Reactions Catastrophe Centre.

Poll

Catastrophe bond issuance was $4.3bn in 2011. How much new issuance will there be in 2012?

Less than $3bn
0%
$3bn-$4bn
0%
$4bn-$5bn
0%
$5bn-$6bn
100%
$6bn-$7bn
0%
More than $7bn
0%