Reinsurers form new lobby

Industry group puts regulatory issues at top of “to do” list

Agroup of leading reinsurers has formed a new trade association to represent the global reinsurance industry in regulatory reform and other international developments. Launching the Global Reinsurance Forum (GRF), inaugural chairman Denis Kessler of Scor said the association plugs a gap in the current representation of reinsurers in important global issues such as Solvency II. “Today there is no such global representation for the reinsurance industry with the clear mandate to promote a regulatory framework that facilitates global risk transfer through reinsurance and other reinsurance-linked capital solutions,” Mr Kessler said.