Greenlight CEO Burton calls cat pricing ‘disappointing’, skeptical rates will rise
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Greenlight CEO Burton calls cat pricing ‘disappointing’, skeptical rates will rise

Giovanna Bellotti Azevedo
November 08, 2021
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Greenlight CEO and Chief Underwriting Officer Simon Burton expressed a dim outlook on the property cat market, telling analysts last week that despite the elevated levels of loss activity of the past year, the chief executive was “skeptical” pricing would materially improve at the upcoming renewal.

Speaking on a call with analysts to discuss Greenlight’s third quarter results, Burton called rate increases last January “disappointing”, as he noted that a fresh influx of capital put a ceiling on how far pricing would increase.

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Greenlight Capital News Treaty Reinsurance
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Giovanna Bellotti Azevedo
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