According to Guy HUDSON, a lot will depend about the losses for the remainder of the year. One of the things that is becoming clearer is that the losses, even if they were very substantial, are not having, as it seems, a significant impact on the pricing. There will be an interesting attitude from reinsurers towards pricing.
"Within Central and Eastern Europe, as elsewhere, we have seen a slowing down inf not a reversing of the insurance trend, due to the financial situation. It is still seen as a potential for the future and reinsurers are interested in the region. The territories in CEE are of significant interest to JLT. It's an area with large population which traditionally did not buy insurance", HUDSON added.