Unbridled Enthusiasm: This Too Shall Pass, Says Willis Re’s Jago
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The reinsurance industry has been overcapitalized for four or five years, Paddy Jago, the global chairman of Willis Re told Carrier Management at the Rendez-Vous de Septembre in Monte Carlo. But capital is bound to fade away when reserve releases stop and catastrophe losses reemerge to dent returns.
Click here to watch the full Paddy Jago interview.