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Swiss Re CEO says adequate pricing remains crucial as risks evolve
Swiss Re’s Urs Baertschi linked higher exposures and shifting risks to rising demand for protection as the reinsurance market moves away from its prior hard-market phase.
Swiss Re’s Urs Baertschi, CEO of Property & Casualty Reinsurance, said the key priority across the reinsurance value chain is charging adequate rates as the risk landscape becomes more connected and moves faster, according to an interview covered by Reinsurance News.
Baertschi argued that the issue comes down to supply and demand, saying risks and exposures are increasing and that clients continue to seek protection in an uncertain environment.
He noted that reinsurance conditions are not uniform, describing “many micro cycles” across the market, even when participants view the same environment differently.
Reinsurance News also cited broker reporting that dedicated reinsurance capital reached new highs in 2025 and is projected to end 2026 even higher, as both traditional and alternative capital continue to grow.