CONTACTS:
FOR IMMEDIATE RELEASE
OLDWICK - JUNE 02, 2023 12:22 PM (EDT)
AM Best will participate at the International Cooperative and Mutual Insurance Federation’s (ICMIF) Meeting of Reinsurance Officials (MORO), taking place June 6-8 in Des Moines, IA.
Steven Chirico, director, AM Best, will participate in a panel discussion, titled, “Current State of the Reinsurance Market,” to be held Wednesday, June 7, at 9:00 a.m. (CDT). This high-level panel will examine the latest hot topics in the reinsurance market and the factors behind the recent challenging reinsurance renewals. AM Best currently holds a stable market segment outlook on the global reinsurance industry given the positive pricing momentum, enhanced market discipline, including tighter terms and conditions and a growing demand for reinsurance capacity.
Joseph Burtone, director, AM Best, will also participate in a panel discussion that focuses on climate and catastrophe modeling. This session will share insights on the ways in which climate risks are increasing the frequency and severity of natural disasters, and how this is affecting the (re)insurance industry. The panel will also discuss so-called secondary perils, such as wildfire or hail, which have taken an increasingly larger share of U.S. catastrophe losses. This panel discussion is scheduled for Wednesday, June 7, at 1:30 p.m. (CDT).
AM Best is a longstanding supporting member of ICMIF, which represents the interests of its members by providing information, education and awareness to regulators and other insurance industry participants and stakeholders. To learn more about the event, hosted by ICMIF member EMC Insurance Companies at its Des Moines headquarters, please visit the official event page.
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.