Primary insurers retain more risk for high-frequency secondary perils
Posted On: Apr. 25, 2023 10:10 AM CSTPeter Askew, chief executive for Canada at Guy Carpenter & Company Ltd., said that primary insurers are retaining more risk for high-frequency secondary perils as reinsurers restricted terms and conditions, alongside increasing pricing, Canadian Underwriter reported. Reinsurers are signalling that they are more interested in covering primary insurers’ high-severity losses than their high-frequency losses by requiring higher attachment points.