Reinsurance market conditions are primed for an increasing turn towards alternatives, in sourcing capital and risk transfer solutions, according to Laurent Rousseau of Guy Carpenter.
Speaking at an event in Baden-Baden yesterday, Rousseau, the CEO of Europe, Middle East & Africa and Global Capital Solutions at the reinsurance broker, explained that demand for alternative capital is rising and its use is expected to rise in tandem with this.
Rousseau explained that market dynamics are repositioning reinsurance back towards its core function as a mechanism for managing severity rather than frequency.
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