Welcome to the fifth and final edition of The ReInsurer. For the duration of September, we have been running a weekly publication, bringing you in-depth news and analysis on the reinsurance trends that will dominate upcoming renewal negotiations.

Alongside The ReInsurer, our #REinsuranceMonth coverage has also brought you a range of video interviews, podcasts and virtual roundtables to help ensure you are fully informed about what is happening in the reinsurance sector.

Although Covid-19 has sadly meant that we haven’t been able to meet this year at Monte Carlo, Baden-Baden and other industry gatherings, it’s been our pleasure to have extended our reinsurance coverage throughout the whole of September to bring you everything you need to know ahead of the critical 1.1 renewal season, while addressing other industry topics.

We hope that you have enjoyed the unrivalled range of news, views and insights we’ve been delivering to keep you informed throughout this period. While #REinsuranceMonth is nearly over, we will continue to bring you extensive news and insight ahead of the 1 January 2021 renewals. The themes identified over the course of the past month will continue to have ramifications for the sector as this unprecedented year draws to a close.

Enjoy our final edition!

Download Issue Five: 29 September

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In today’s edition, we reveal that Lloyd’s carrier Chaucer has applied to the Bermuda Monetary Authority to launch a Class 4 reinsurer on the island.

It is understood that Chaucer will use the vehicle to principally target US catastrophe business. 

We also explore the case reinsurers are making for casualty hardening at 1.1. Executives have been lining up to go on the record about the imperative for hardening beyond the strong rate improvement on the underlying business that is flowing through quota shares.

Our final virtual panel discussion put the spotlight on new market entrants and start-ups, examining the reasons why investors are increasingly drawn to them.

Our esteemed panellists cited “superior underwriting skills” as a core component that makes investors confident they will generate strong earnings in a hard market.

Elsewhere in the edition, Aon’s Colin Dutkiewicz is confident ILS investors have an opportunity in pandemic risk due to reinsurers being wary amid Covid-19. 

Observers of the life and health market may be surprised to hear that the market for pandemic reinsurance cover has remained profitable this year. 

In this issue, Swiss Re’s Matt Junge analyses the huge opportunity presented by flood risk - asserting there’s more than enough business to go around.

And in the midst of the 2020 Atlantic hurricane season, RMS’ Pete Dailey, compares and contrasts the most memorable Atlantic seasons recorded as 2020 shapes up to be a record breaking year.

The ReInsurer also caught up with Hyperion’s Elliot Richardson to discuss the forthcoming 1.1 renewals, the Lloyd’s opportunity and the group’s ability to be a challenger as an independent broking house.

We also spoke with Hannah Simons and Beat Holliger from Schroders on the group’s commitment to ESG investing and why ILS is a well suited asset class for this type of investing, particularly in relation to climate change.

Alongside The ReInsurer, we are maintaining our regular coverage of the global insurance sector. 

While our regular London and New York daily editions will not be published today – when you’ll receive The ReInsurer instead – our London and New York dailies will continue to be sent out as usual from tomorrow. Look out also for our regular breaking news alerts.

Below are some of the highlights from the fifth issue of The ReInsurer

Reinsurers make case for casualty hardening at 1.1

The absence of the annual Monte Carlo Rendez-Vous has not prevented reinsurers from asserting their view that meaningful improvement in pricing and terms and conditions is warranted at the upcoming 1 January renewal

Chaucer latest Lloyd’s carrier poised to launch Bermudian reinsurer

China Re-owned insurer Chaucer has applied to the Bermuda Monetary Authority (BMA) to launch a Class 4 reinsurer on the island, The ReInsurer can reveal

Reinsurers monitor FCA discussions as appeal applications are lodged

The UK’s Financial Conduct Authority (FCA) and a number of UK property insurers remain locked in negotiations which – if successful – could prevent an appeal to the Supreme Court following the groundbreaking Covid-19 test case judgement earlier this month

Investors drawn to start-ups

We examining the reasons why investors are increasingly drawn to new market entrants and start-ups in the latest of our virtual panel discussions

ILS funds could move towards pandemic risk as reinsurers step back

ILS investors have an opportunity in pandemic risk because reinsurers are wary amid Covid-19, despite the sector still being profitable in 2020

Insurers running to flood, not away from it

The impacts of Covid-19 and a faltering global economy mean the insurance industry is facing unprecedented headwinds

Are we in for another record-breaking year?

Pete Dailey, vice president at RMS compares and contrasts 2005, perhaps the most memorable Atlantic season in recorded history, to 2020

Streaming now on The ReInsurer TV!

A round-up of the latest thought leadership from this week’s interviews on The ReInsurer TV

The power of independence

The ReInsurer caught up with Elliot Richardson, chairman of RKH Reinsurance Brokers to discuss the forthcoming 1.1 renewals, the Lloyd’s opportunity and the ability to be a challenger

Investment for a sustainable future

The ReInsurer caught up with Hannah Simons and Beat Holliger from Schroders on the group’s commitment to ESG investing and why ILS is well suited to this approach