Wagner: Reinsurance pricing varies dramatically across structures due to market opacity
Herb Wagner · Herb Wagner – Opportunistic Value at Finepoint Capital (EP.460) · Sep 22, 2025 · at 54:06
Herb Wagner (Managing Partner at Finepoint Capital) explains to Ted Seides the structural mechanics and pricing inefficiencies of the reinsurance market.
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“The way that it's priced across different structures, vehicles, and different markets is dramatically different. So actually, one of the hardest parts about reinsurance is just sourcing the risk. It's an opaque market. It's a lot of bilateral contracts.”
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