John Thiel is a senior underwriter for Gen Re’s casualty facultative department in Philadelphia. He is also a member of the reinsurance interest group for the CPCU Society’s Philadelphia chapter. Thiel joined Gen Re in 2014 after roles in both underwriting and claims.
On the surface, it may seem redundant to think that underwriters are averse to loss. After all, our job is to make sure the policies we write for our respective companies earn more in premium than the claims and expense dollars that are paid. Yet, the cognitive bias of loss aversion is more nuanced, and […]