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RenaissanceRe calls for discipline in reinsurance pricing

May 7, 2014 - 6:00am

RenaissanceRe Holdings Ltd. chief executive Kevin O'Donnell has slammed the lack of discipline in pricing in the reinsurance market, saying that "at the macro level we are starting to see undisciplined behavior, with some risk being priced below an acceptable level of return for any form of capital."

Mr. O'Donnell joins other executives who believe that discipline is being lost as some companies are more focused on securing deals, reports

RenRe previously clarified that it is not in favor of underpricing risk.

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