Larger size insurers and reinsurers through mergers and other new capital sources enables reduction of risk with less risk sharing. The pricing activity Willis observed is a combined by-product of the dynamics of cyclical peril frequencies and trends toward increased insurer and reinsurer size.
Larger size insurers and reinsurers through mergers and other new capital sources enables reduction of risk with less risk sharing. The pricing activity Willis observed is a combined by-product of the dynamics of cyclical peril frequencies and trends toward increased insurer and reinsurer size.