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Interview - A bad wind rising?
(From Reinsurance)
The opportunities created in the reinsurance industry will be 'extraordinary' if there is another bad wind season, according to Ed Noonan, chief executive of Validus Reinsurance. But the head of the 'class of 2005' start-up said one of the reasons for this is that there is a question mark over more capital being raised in the event of another storm.
"Right now, we are on the precipice of market conditions we have never seen before. If it is a bad wind season, the opportunity will be extraordinary," he said in an interview with Reinsurance. "Will there be more capital coming in? Perhaps not. It is a big unknown right now, just how ...
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