The executive said the marketplace had the resources to create “the Chicago Mercantile Exchange of insurance”.
Experts on a (Re)Connect panel recommend future backstops must ensure policyholders, governments and insurers have “skin in the game”.
All the pieces were in place for real rate improvement, according to Steve Arora, CEO at Axis Re.
Who is raising it, how much it will cost, and how best to use it – a round-up of the key points from the second day of (Re)Connect virtual conference.