Concise and thought-provoking interviews with senior market experts, each articulating their thoughts on critical technical subjects within the industry
Government-sanctioned ESG and infrastructure projects in both Europe and the US offer specialty lines carriers a unique opportunity to grow their premium base while also demonstrating their value to policymakers, Swiss Re’s head of global specialty Anne Lohbeck has said.
A selection of Close Quarter interviews and in‑depth coverage:
An uncapped guarantee in a state-backed public-private partnership – similar to that currently possessed by Pool Re – is unlikely to be replicated in the UK in the future, Julian Enoizi has told The Insurer.
Pool Re CEO Julian Enoizi said it was critical the UK terrorism backstop retained the ability to “act innovatively and creatively” as it transitioned into a government body, but admitted he had not expected and did not welcome the decision to reclassify the reinsurer.
Newly launched specialty start-up Mosaic “wasn’t a Covid marketplace reaction on any level”, the insurer’s CEO Mitch Blaser has insisted, but the pandemic has provided a tailwind “we didn’t really plan on or expect”, he told The Insurer TV.
Covid-19, climate change, cyber security and demographic changes are all contributing to heightened volatility across the risk landscape, which is driving prolonged periods of uncertainty and demand for reinsurance.
Stephen Catlin has played down the impact of new capital on reinsurance renewal rate momentum, warning that the market is still only “at the beginning of a state of change”.
The Covid-19 BI disputes pendulum will now swing from insurers to the reinsurance market, following today’s FCA Supreme Court judgement which largely sided with policyholder arguments at the expense of the industry.
Aon CEO Greg Case reiterated his confidence that the broker’s merger with Willis Towers Watson will complete during the first half of 2021 and said the combined entity will be better placed to meet the unprecedented demand from clients for new solutions.
Covid-19 has transformed the corporate agenda by raising board awareness of long-tail and systemic risks but the onus is now on the insurance industry to collectively rise to the challenge of meeting its client needs, according to Aon CEO Greg Case.
Berkshire Hathaway Specialty Insurance (BHSI) has set its sights on the middle market and SME segments with the carrier seeing plenty of opportunities to form partnerships with programs and MGAs, president and CEO Peter Eastwood has told The Insurer TV.
After a “very active” 1 January reinsurance renewal, Vantage Risk is now targeting a “late first quarter, early second quarter” start date to begin writing insurance business, CEO Greg Hendrick has told The Insurer TV.
Lloyd’s chairman Bruce Carnegie-Brown has called for product simplification and some standardisation of wordings as the industry seeks to avoid a repeat of the business interruption disputes that overshadowed its response to the Covid-19 pandemic.
Bruce Carnegie-Brown said he is confident the Lloyd’s underwriting room will still be here in 10 years’ time, but has acknowledged the need to rethink the purpose of the room to better meet the needs of market participants.
Capital raised by start-ups and incumbents is unlikely to change hard E&S market dynamics in the short-term, according to Scott Purviance, CEO of wholesale giant AmWINS.