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Reality check needed for regulators
07 September 2009
PartnerRe chief executive Patrick Thiele believes the weather is set fair for the end of year renewals but sees clouds on the horizon related to regulation.
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[PartnerRe]
[Patrick Thiele]
[regulation]
PartnerRe chief executive Patrick Thiele believes the weather is set fair for the end of year renewals but sees clouds on the horizon related to regulation. “The weight of regulation is a growing problem for the global insurance industry and I’m concerned that regulators are overreacting to what happened at one big insurance company that got into difficulties,” Thiele told the Rendez-Vous Reporter.
Thiele says the financial crisis demonstrated how the wider insurance and reinsurance industry has improved its ability to...
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