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Catlin Re Says Europe Reinsurance to Grow, Handelsblatt Reports

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Oct. 28 (Bloomberg) -- Catlin Group Ltd. sees growth potential in the European reinsurance market, Handelsblatt reported, citing manager Peter Schmidt.

Schmidt said many customers now prefer to spread their risk between three or four reinsurers, and as insurers’ capital needs rise with Solvency II, the proposed risk-based regulation for insurers in Europe.

To contact the reporter on this story: Ragnhild Kjetland in Frankfurt at rkjetland@bloomberg.net

To contact the editor responsible for this story: Kenneth Wong at kwong11@bloomberg.net