Myths of reinsurance

Twenty years ago, Tillinghast explored the myths associated with reinsurance. Since then, the reinsurance industry has experienced a short hard market, a prolonged soft market and another hard market that is showing signs of softening. Thus, it is an open question whether the reinsurance industry has learned from the past or if most of the myths persist. Six types of myths were discussed 20 years ago. These were myths of: common interest; reliability; superiority; reinsurance as an art form;