Swiss Re purchases less retrocession for 2015

Swiss Re Ltd. has bought less retrocession for 2015 in spite of the apparently attractive retro market conditions, Artemis.bm reports.

Swiss Re has not taken advantage of the retrocessional reinsurance market to boost its own protection. "Despite the rate increases we find this retro capacity still expensive, in the sense that if we buy or if we bought more capacity we would have to cede more margin to other players," Swiss Re group chief underwriting officer Matthias Weber said.

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