"When we talk about the reinsurance capacity, we should ask ourselves not necessarily how much it is available, but where it is found", Guy HUDSON, Partner, JLT Towers Re, explained during the Reinsurance Market Conference at FIAR 2014. Guy HUDSON pointed out that the legislation changes in the past years, such as those that affected the insurance against catastrophic risks system in Romania, caused uncertainty and mistrust among the insurance companies.

At the moment, the reinsurance companies are interested in diversifying their portfolio and expand on multiple business segments. However, these actions could become problematic, if the insurers do not maintain their discipline and do not pay close attention to their clients.

"The reinsurers have the duty to pay attention to the business lines that they choose to reinsure, the clients they choose and the way in which they cover these clients' risks", Guy HUDSON declared.