Reinsurance diversification only sustainable strategy: Vickers

Diversification is the traditional reinsurance market's only
credible defence against eroding margins and the "wall of
money" pouring into the sector, Willis Re International's
chairman James Vickers has said.
"They may not like it but it's probably the only
sustainable strategy in the current market," he stated.
Speaking to The Insurance Insider this morning (31 December), as
the 1 January renewal negotiations concluded, he explained that the
business models of n