Lloyd's director of performance management Tom Bolt said that reinsurers are in a "precarious" position due to high expense ratios, but that the perception of their high cost relative to ILS fund managers is exaggerated.
Lloyd's director of performance management Tom Bolt said that reinsurers are in a "precarious" position due to high expense ratios, but that the perception of their high cost relative to ILS fund managers is exaggerated.