Reinsurance is often characterised as a business built on personal relationships, goodwill and mutual trust. However, at different times in its history observers have warned that technological and other changes threaten the survival of normative practices in the industry. This article investigates what was involved in the micro-business of reinsurance and how that business changed since its early days. It raises questions about the characterization of normative reinsurance practice and about the role of memory in the assessment of continuity and change.
Pearson, R. (in press). Normative practices, narrative fallacies? International reinsurance and its history. Business history, https://doi.org/10.1080/00076791.2020.1808885