Overcapitalisation leading to questionable decisions: Lyons

Insurers and reinsurers are making questionable decisions as they
struggle to grow in a market that is swamped by around $100bn of
excess capital, Arch Capital's chief financial officer has
said.
Speaking at the Insider New York event last week (10
May), Mark Lyons said the industry was "dramatically"
overcapitalised.
The executive explained that the capital fell into one of two
camps. "We have intelligent capacity and innocent
capacity," he said, adding that in some cases it could be
both....