Gerling seeks capital ahead of Baden-Baden

The Gerling Group continues to look for an investor to inject capital into Gerling Global Re. There was speculation that if the group failed to do this before the reinsurers’ annual meeting in Baden-Baden this week, there was a danger that the group would not write any more property or casualty reinsurance business. Gerling is still seen as being able to meet all its commitments, but a lack of new capital could see the property and casualty business being put into run-off. The lack of new capital is not expected to affect Gerling Global Re’s life business.