James Nash, Chief Executive Officer of Asia Pacific, Guy Carpenter, discussed developments in the Asia-Pacific region. He said: “The major catastrophes of 2011 refocused the spotlight on the need for analysis and modeling capabilities, and in particular caused acceleration in the desire to understand ‘non-modeled’ perils.” He highlighted the vast potential afforded by the region, but concluded: “We share in the exuberance about Asia, but we counsel participants to remain rational and vigilant to ensure we identify when irrational exuberance is becoming apparent or escalating.”

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