Speaking at the International Forum of Terrorism Risk (Re)Insurance Pools in Sydney, Australia today, Guy Carpenter’s Asia Pacific CEO, Tony Gallagher, has explained the importance of retrocession markets in supporting provision of terrorism reinsurance, highlighting catastrophe bonds as an important and growing mechanism.
The IFTRIP event brings together the government regulators, insurance and reinsurance companies that manage the risk pools for terrorism risk around the world.
Giving a keynote address at the Forum, reinsurance broker Guy Carpenter’s regional CEO for Asia Pacific explained that access to private market risk capital remains an important part of the equation, for ensuring provision of terrorism insurance around the world.
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