PERse – renewable energy

PERse eyes capacity to support growth amid increasingly competitive renewables market

2022-11-28T13:54:00+00:00

Ryan Specialty’s renewable energy-focused MGU PERse is diversifying its book of business and eyeing opportunities in emerging technologies, while also targeting new capacity providers to support its growing platform at a time when interest and competition in the specialist sector has never been higher.

Waleed Jabsheh – IGI

IGI’s Waleed Jabsheh: Premium growth “will be better in future quarters” after Q3 slowing

2022-11-17T14:25:00+00:00

International General Insurance Holdings (IGI) president Waleed Jabsheh has told The Insurer that gross written premium (GWP) growth will pick up from the 4.6 percent produced in the third quarter, with the executive expecting “huge opportunity in many pockets”.

Rick McCathron – Hippo

Hippo may reassess Spinnaker property programs where MGAs “distressed”

2022-11-11T14:27:00+00:00

Hippo president and CEO Rick McCathron has told this publication that he would be willing to keep more exposure if reinsurance costs are too high while the homeowners insurtech remains committed to its fronting platform Spinnaker, although it may reassess some property programs. 

Magnus Heimann – R&Q Accredited

Accredited Europe targeting “mega MGA” opportunities

2022-11-08T08:33:00+00:00

Accredited Europe CUO Magnus Heimann has said the R&Q-owned program manager is targeting long-term partnership opportunities with “mega MGAs”, in addition to established mid-sized players, at a time when the European market is seeing an influx of interest from carriers in both Asia and the US.

Kieran Sweeney David Howden

Howden-Sweeney: MGA model can draw capital to address coverage gap

2022-11-04T14:19:00+00:00

Dual has reached $3.1bn of GWP in the 2022 fiscal year driven by organic growth of 31 percent as well as its Align Financial acquisition, and is now positioned as a global underwriting platform that can attract capacity to help close the coverage gap for insureds, according to David Howden ...

IM-Siriuspoint-ScottEgan

Egan: SiriusPoint needs to reestablish its credentials as an underwriting company

2022-11-03T15:36:00+00:00

SiriusPoint CEO Scott Egan says his firm’s number one priority is regaining its credibility as an underwriting business, and that it is too soon into his tenure to have reached a full assessment on whether to make any dramatic shifts to the carrier’s strategy of offering capacity and investment deals ...

Andrew Johnston

Gallagher Re’s Johnston: Many insurtechs will need to go full stack to survive

2022-11-02T15:33:17.52+00:00

This year has seen an acceleration of insurtechs moving from being MGAs to full-stack risk-bearing carriers, with Andrew Johnston, global head of insurtech at Gallagher Re, telling this publication many others will have to start taking on risk to survive. 

Alex Powell – Aegis

Aegis London’s new CEO eyes more growth as fresh opportunities emerge

2022-10-31T08:34:00.663+00:00

Top-quartile Lloyd’s carrier Aegis London has identified further expansion of its property portfolio as well as the build-out of its follow-only proposition as potential growth drivers for 2023, according to its new CEO Alex Powell.

Jodie Kaufman Davies Mark Engel RB Jones

RB Jones hunting for talent and M&A opportunities as it begins broad build-out

2022-10-31T14:19:00+00:00

HW Kaufman Group-owned MGU RB Jones is embarking on a broad expansion drive as it looks to move beyond its historic marine and energy focus and into other business lines, with new hires in the offing along with possible mergers and acquisitions, Program Manager can reveal.

CJ Pruzinsky – Resilience

Resilience’s Pruzinsky: Cyber is an “extremely competitive marketplace”

2022-10-25T12:59:00+01:00

The cyber market has come off the “absolute pinnacle of a hard market” seen a year ago with good accounts boasting strong risk controls potentially even seeing price decreases of a few points, according to Charles “CJ” Pruzinsky, executive vice president and CUO for North America at Resilience.

Jens Ziser BFRC

Legacy remains seller’s market despite inflationary challenges

2022-10-24T04:08:00+01:00

The competitiveness of the European non-life legacy sector means it is “still a seller’s market” despite increasing inflationary pressures across the continent, according to Jens Ziser, managing director of Black Forest ReInsurance Consulting (BFRC).

Tim Edwards TigerRisk

Understanding increased extreme weather risk

2022-10-24T04:05:00+01:00

Tim Edwards, EMEA head of catastrophe analysis at TigerRisk, discusses the impact of Hurricane Ian and how (re)insurers can best prepare for more frequent and severe weather events.

Mike Van Slooten Aon

Aon’s Van Slooten: Preparation will be key to achieving successful renewal outcomes

2022-10-23T08:50:00+01:00

Preparation will be key to securing successful reinsurance renewals at 1 January, according to Mike Van Slooten, head of business intelligence for Aon’s Reinsurance Solutions.

IM-Admiral-DanSmyrl

Admiral on course to hit $660mn premium in 2022

2022-10-19T15:36:00+01:00

WR Berkley-owned Admiral Insurance Group’s writings are set to increase by a fifth come the end of 2022 to $660mn, with the E&S carrier’s expansion supported by around $170mn of new business and renewal growth, president Dan Smyrl has told The Insurer.

Josh Motta – Coalition, BDT and The Pritzker

Coalition’s Motta says Ferian Re is latest affirmation of the insurtech’s strategy

2022-10-13T16:33:00+01:00

Coalition CEO Joshua Motta says the decision to launch a Bermuda reinsurer was driven by the firm’s rapid growth rate, and that landing the backing of the “bluest chip” investors should put to rest any rumours that the cyber insurer has had trouble finding capacity or questions about its underwriting ...

Fred Kleiterp – Swiss Re Corporate Solutions

Swiss Re CorSo eyes European casualty expansion: EMEA CEO Kleiterp

2022-10-11T07:18:00+01:00

Swiss Re Corporate Solutions (CorSo) is looking to increase its share of the European liability market as it turns to growth following the heavy remediation work undertaken in recent years, EMEA CEO Fred Kleiterp has told The Insurer.

Typhaine Beauperin Ferma

Ferma CEO calls on insurers to drop “defensive approach” and promote risk sharing

2022-10-10T07:12:00+01:00

Insurers must take a more holistic approach in recognising and addressing client needs to facilitate optimal risk sharing, according to Typhaine Beaupérin, CEO of the Federation of European Risk Management Associations (Ferma).