Welcome to the second day of our coverage from the 2019 APCIA Annual Meeting!

We are delighted to provide you with the second electronic copy of The Insurer’s daily American Property Casualty Insurance Association (APCIA) Annual Meeting edition. Here you will find the latest news, analysis and intelligence from our team of journalists and analysts attending the event in Boston, Massachusetts.

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APCIA Day 2 cover

NEWS

Hagibis adds to retro uncertainty at 1.1

As the industry assesses the damage from a second Japanese typhoon in a matter of weeks, there is a growing expectation that a significantly tighter retro market will add momentum to property cat reinsurance renewals at 1 January 2020

Aon silent cyber reinsurance offering gains traction

Aon has seen meaningful traction in its RenaissanceRe-led cross class cat cover for silent cyber with limit placed of more than $400mn and a strong pipeline of orders, The Insurer can reveal

Paragon premiums head beyond $200mn with auto dealer program

EPIC and Oak Hill Capital Partners-backed MGA, Paragon Insurance Holdings, has added a meaningful book of package auto dealership program business that it is writing through fronting carrier Falls Lake with reinsurance capacity from Swiss Re, The Insurer can reveal

THE INSURER COMMENT

The retail aggregation opportunity

The program fronting model could be at the forefront of an explosion of new activity as distributors look to more efficiently bring pools of risk straight to reinsurers

INTERVIEWS

Low interest rate environment heightens need for lower combined ratios

Casualty insurers pushing for rate to catch up with loss trends must not lose sight of the long-term challenge of a low interest rate environment, according to Swiss Re’s president of US P&C, Keith Wolfe

Investor flight to quality expected in tight retro market

An uncertain and increasingly tight retro market will create opportunities at 1.1 for underwriters and third-party capital managers that can demonstrate a strong track record and alignment of interest, according to RenaissanceRe’s group CUO, Ross Curtis

A time of plenty in the program market

The program market is seeing strong growth but not all MGAs are created equal, according to Accredited US’ Todd Campbell

OPINION

The Insurer’s State of the Market APCIA Q&A October 2019

Leading executives discuss whether casualty pricing is keeping pace with loss trends and how the tightening retro market will affect 2020 property cat renewals

The balancing act

TigerRisk’s head of North American reinsurance, Wade Gulbransen, on navigating a changing reinsurance landscape