In this interview Thierry Léger, group chief underwriting officers at Swiss Re, explains:
- that effects from climate change now account for half of reinsurers' net cat losses
- that the data for half the exposures just isn't good enough at the moment.
- that demand is surging for cat coverage just as capacity is leaving the market, creating "monumental" gap of perhaps $40 billion or $50 billion between the demand and the offer.
Date: November 29, 2022
Time: 10:00 am EST