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Majority of insured losses from Grenfell Tower to be borne by reinsurance

Grenfell Tower
twitter.com/LondonFire

The Norwegian company responsible for insuring the Grenfell Tower, which burned down yesterday, said reinsurers will bear the majority of the claims costs.

Protector Forsikring said losses from the fire would not hamper its growth plans in the UK.

The insurer won a tender to provide insurance to a Tri-borough group of London councils, comprising

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Paul Morden, Munich Re

Paul Morden, CEO of Munich Re UK’s branch is responsible for shaping and delivering reinsurance strategy across the UK and Ireland.

Jason Richards, Swiss Re

As CEO for UK & Ireland at Swiss Re, Jason Richards sits at the centre of one of the most influential reinsurance platforms in the London market, shaping how insurers respond to an increasingly volatile and complex risk environment.

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