Diversification - The only way to go
With the pure catastrophe reinsurers taking the biggest hit from Hurricanes Katrina, Rita and Wilma, Patrick Thiele, the president and chief executive officer of PartnerRe, tells Mairi Mallon that diversification has proven to be the only way to go
Patrick Thiele is not sure why private equity is investing so heavily in setting up catastrophe reinsurers when recent events have proved the model to be inadequate.
"In some ways, it is a little
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