Would the arrival of fresh competition from outside Europe be welcomed by French insurance buyers?
JM: “A lot of risk managers are very interested in new capacity. This is why I hosted the workshop at AMRAE with Yoichi Tamura, Deputy Executive Operations Officer and General Manager of Tokio Marine Europe Insurance and Masayuki Kawase, Executive Manager of Corporate Planning at Mitsui Sumitomo Insurance Co. (Europe), the Japanese carriers. A lot of French risk managers are interested in what they have to say and offer because it is important for insurance buyers to have a choice. I advise new companies to start at the excess layers, not take the primary business and see how the loss story develops. These are very well-established companies in Japan. They are looking to expand and I think they will be very strong companies for European buyers.” AL: What kinds of new risks can such companies expect to face in Europe. What about the prospect of class actions in Europe that the European Commission may issue a White Paper on this year? JM: “I think we have sufficient regulations in France
