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Data Centers, AI and PFAS: MS Re's Butera on pricing the risks we can't yet see

Reinsurance News
Reinsurance News October 1, 2026 • 4-minute read

Lisa Butera, Chief Underwriting Officer, North America, spoke with Reinsurance News about the market dynamics shaping today's reinsurance landscape, the importance of underwriting discipline, and how MS Re is identifying opportunities for sustainable growth.

In the interview, Lisa discusses how softening property pricing should not be mistaken for a reduction in underlying risk, highlighting the continued impact of severe convective storms, rising casualty losses, and emerging exposures such as AI, data centres and PFAS. She also shares how MS Reinsurance is focused on understanding where risk is accumulating, deepening long-term client relationships, and supporting clients across market cycles through a relationship-led approach to underwriting.


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