Validus Re CEO Ed Noonan said that competition during the 1 January catastrophe renewals was driven not by the secular shift towards institutional money, but rather a normal cyclical oversupply of traditional reinsurance capital.
Validus Re CEO Ed Noonan said that competition during the 1 January catastrophe renewals was driven not by the secular shift towards institutional money, but rather a normal cyclical oversupply of traditional reinsurance capital.