In a recent interview with Reinsurance News, Louis de Segonzac, Chief Underwriting Officer (Americas) at MS Reinsurance, discussed the company’s strategic focus on expanding its presence in the Latin America (LatAm) market.
Segonzac explained that MS Reinsurance maintains a healthy appetite for business in the region, and intends to increase participation strategically.
“We will continue to restrain exclusive Property Cat relationships and will assess expansion opportunities where it makes sense,” he said.
As part of its strategy, MS Reinsurance has been closely monitoring market conditions. Segonzac commented that while the market has been stabilising following the 1/1 renewal, challenges still persist.
“Rates in Mexico have been slightly disappointing due to some cedants not adequately responding to post-loss scenarios,” Segonzac noted.