The 57th Reinsurance Rendez-Vous is winding down, and, while it’s been another successful networking opportunity for the industry’s movers and shakers, most of the discussions have ended on a note of uncertainty.
The elephant in the room this year was the increasing contribution of “alternative” or “third party” capital in the reinsurance market—investments by hedge funds, private equity firms, pension funds and other money managers. They are seeking higher returns in reinsurance vehicles than are currently available in the low interest rate environment that has dominated global financial markets since 2008.Executive Summary An air of uncertainty was apparent at the 57th Reinsurance Rendez-Vous with the increasing contribution of “alternative” or “third party” capital and its ultimate impact on the traditional reinsurance market dominating the conversations at the Monte Carlo event.
