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Insurance News Weekly September 12 2011

par News Assurances

This week reinsurers are meeting at the annual Monte Carlo event where discussions should turn around the global market outlook, and preparing for the renewal season. News Insurances has met with Chris Waterman, Managing Director and Head of EMEA Insurance Group at Fitch Ratings to ask what will be the renewal price trends for 2012. The renewal prices have been anticipated to rise significantly due to the catastrophic losses from the beginning of the year. Yet it would seem that these have been overestimated and if there is a normal catastrophe second half of the year then prices should not increase above single digit or low double-digit figures. Also in the news this week the Office of Fair Trading has gathered to announce the launch of a major investigation into the rise of motor insurance prices. News Insurances has met with Graeme Trudgill, Head of Corporate Affaires at BIBA, who outlines the main concerns developed by the OFT. Find all News Insurances videos here : http://live.news-assurances.com/ And here : http://www.newsinsurances.co.uk/toutes-les-videos

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