Interviews - Giving Clients Time to Cope
Source: Asia Insurance Review | Jan 2009
With the global financial crisis leaving a trail of destruction among companies in almost all industries, the reinsurance industry is also seeking to increase rates in these difficult times. However, Mr Seymour Matthews, Managing Director of Cooper Gay Reinsurance Brokers, told our Journalist, Ms Min Yong, during the East Asian Insurance Congress in Hong Kong last November, that reinsurers should not expect the primary market to accept a hike in rates overnight as these companies are also facing a harsh business climate themselves.
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