2010 to be a year of 'profitable stagnation', says Thiele
Partick Thiele, the chief executive of PartnerRe, has said that 2010 will be a year of "profitable stagnation", providing that no major catastrophes arise.
"In 2010 we find ourselves in a state of “profitable stagnation” – a state of inertia where the industry is reasonably profitable but where there are few opportunities for growth," said Thiele, in a
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