Welcome to the last day of our coverage from the 2019 Monte Carlo Rendez-Vous! 

We are delighted to provide you with the Wednesday electronic copy of The Insurer’s daily Monte Carlo edition. Here you will find the latest news, analysis and intelligence from our team of journalists and analysts attending the Rendez-Vous.

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MC Day 4-cover

NEWS

$1.8bn Convex readies E&S platform as Lloyd’s talks continue

Convex Group anticipates its excess and surplus lines (E&S) platform could be live by 1.10, providing transatlantic market access and further kick-starting its growth, The Insurer can reveal

Aspen mulls launch of retro fund as capital transformation plan takes shape

Aspen is rapidly evolving into a nimble specialty risk transfer platform with its own balance sheet and multiple third-party capital sources to allocate assumed risk to investor appetite, CEO Mark Cloutier has confirmed to The Insurer

The pricing mismatch…

Insurance and retro rates are hardening, but reinsurance is lagging…

The Insurer Roundtable: The Future of Reinsurance

Executives from the industry discuss the big themes ahead of the key 1.1 renewal…

ANALYSIS

The end of AIG’s reinsurance revolution?

The Insurer explores what’s next after the US insurance giant completes its reinsurance strategy overhauls

Alternative capital drop highlights reinsurers’ retro reliance

Ratings agencies believe the slowdown in the influx of alternative capital to the reinsurance industry will continue, which comes against a backdrop of increased reliance on the retrocession provided by third-party sources

Evolutionary progress

Guy Carpenter’s Siobhan O’Brien examines the developing nature of the cyber market

Where next for (re)insurance M&A?

Clyde & Co’s Andrew Holderness examines the implications of continued consolidation

Neal’s Lime Street revolution exposes Lloyd’s capital conundrum

The revelation that Lloyd’s is being accused of “bad faith” in the High Court by a high profile Name has shone a light on some of the market’s most complicated structures

INTERVIEWS

The future of reinsurance?

Deloitte’s head of UK insurance Clive Buesnel seeks to identify the most important future trends in the industry

Record catastrophe years have been catalyst for seamless automation

Aon’s head of impact forecasting on why seamless pricing algorithms are the silver lining to the sector’s lingering costly nat cat storm clouds

Reframing our perspectives on climate risk

Axis Re’s CEO explains why the sector needs to adjust its thinking towards complex climate risk

How climate change is influencing reinsurance buying patterns

Scor’s head of cat research on the importance of assessing cat risk tolerances 

Pursuing real partnerships in high growth regions

The senior leadership of Swiss-domiciled Echo Re spoke to The Insurer about the significant growth opportunities they see in pairing with local insurers, especially in Asia

COMMENT AND OPINION

Britain’s new Prime Minister and the cunning Lloyd’s fraudster

Britain’s 54th Prime Minister Boris Johnson is well acquainted with the Lloyd’s market 

Underwriters have gone back to underwriting

Reinsurers are going back to basics to focus on profitable underwriting 

Evolution not revolution

CFC Underwriting’s CEO Dave Walsh considers what innovation truly means in our world

What happens when an ILW trigger underdelivers?

PCS’ Tom Johansmeyer explores what happens when an industry loss warranty cover doesn’t work the way it is intended

Seeing beyond the short term

Liberty Mutual Re’s Dieter Winkle on how best to respond to an increasingly chaotic world

New data standards for a new era of risk

RMS senior vice president Ryan Osgaard explains why the industry requires a new data structure to capitalize on better technology and drive innovation and efficiency

The property data revolution

Insurdata’s CEO on my how high resolution data tools can take property underwriting to the next level

Disrupt from within

Ed Broking’s Robert Wildbore on why there has been little action despite all the talk of collapsing the capital-to-risk chain

Taking the initiative forward

Perils’ Luzi Hitz and Eduard Held consider the industry initiative to build on the successes of the last decade

European legacy remains competitive and strong

Darag’s CEO on the increasing role legacy solutions play for capital relief

Cat models à la carte

Xceedance’s Uday Virkud talks through on-demand cat modelling services and the value of the offering for the industry