Concise and thought-provoking interviews with senior market experts, each articulating their thoughts on critical technical subjects within the industry
Axis is looking to grow its E&S books as it continues to expand its wholesale division, supported by firming rates stemming from an uptick in nat cat losses and loss cost trends, the company’s Vincent Tizzio has said.
A selection of Close Quarter interviews and in‑depth coverage:
Flexible working models have changed the risk landscape significantly, creating new threats for both companies and individuals and considerably altering organisational risk profiles.
How Covid-19 accelerated a transformation in work models and changed the associated risk landscape forever
Accredited Europe’s CUO Magnus Heimann has warned that growth in the rapidly expanding fronting program space must be “controlled”, stressing the relevance of thorough onboarding and oversight processes to ensure sustainable growth.
The Bermuda market will continue to heavily invest in the resources needed to offer unparalleled views of catastrophe risk at a time when discussions are taking place around the flaws and limitations of climate modelling, according to Association of Bermuda Insurers and Reinsurers (ABIR) president and CEO John Huff.
The (re)insurance industry has a pivotal role to play in incentivising long-term ESG goals for its clients at a time when geopolitical headwinds are forcing the increased use of “dirty energy”, EY’s Isabelle Santenac has said.
Reinsurance M&A activity has been muted as a result of market headwinds creating valuation volatility and investor uncertainty, but deals could still happen for the right buyer and target, RPC partner James Mee has said.
Acquirers of prior-year books of liability business – particularly US casualty portfolios – must undertake thorough due diligence to accurately estimate reserves and exposures as social inflation continues to impact claims management for legacy specialists, according to Paul Corver.
Better adoption of technology will become increasingly important as (re)insurers look to manage costs and drive distribution efficiency as inflation looks set to intensify losses, eReinsure’s Igor Best-Devereux has said.
Acrisure’s recent run of acquisitions has grown the broker consolidator’s portfolio of placed premiums to more than $32bn, president and CEO Greg Williams has revealed in an interview with The Insurer TV.
Attracted to firming conditions in the cyber market and supported by its “strong” insurance franchise, Axis Re will start writing cyber business following a recent change of strategy, its CEO Ann Haugh has said.
RMS’ Mohsen Rahnama has pointed to an alarming figure of potential industry nat cat losses of $2trn by the end of 2030, urging the sector to engage with the scientific community to better understand the evolving frequency and severity of such events.
Subsidence losses in France this year could amount to €2.5bn, adding to an already heavy natural catastrophe bill for the country’s (re)insurers, CCR Re’s Laurent Montador has revealed.
BMS Re’s Pete Chandler has urged insurers to start working with reinsurers as early as possible amid a supply-demand imbalance which could lead to increased competition for alternative forms of capital.
The amount paid out by the (re)insurance industry for so-called secondary perils has outpaced hurricanes in claims volume terms for many years, suggesting such events no longer deserve this denomination, Aon’s Dan Dick has warned.
The reinsurance industry is increasingly united behind the belief that it has been taking increasing risk for inadequate rates, and instead needs to be paid for the risk it assumes, Tony Ursano has said.
Howden Group founder David Howden provided a bullish outlook on his company’s growth prospects in the reinsurance market as he met with The Insurer TV at his first ever Monte Carlo Rendez-Vous.
Positive discussions with would-be investors suggest the first cyber ILS transaction could arrive in 2023, according to Paul Schultz, CEO of Aon Securities.
Rates in the mortgage credit space have risen up to 80 percent and are set to continue to go up despite inflation headwinds, Guy Carpenter’s mortgage credit segment leader Jeffrey Krohn has told The Insurer TV.
Axa XL has retained most of the clients affected by its 40 percent reduction in appetite for catastrophe risk exposed business, its new reinsurance CEO Nancy Bewlay has revealed.
Reinsurers should still prepare for an active 2022 Atlantic hurricane season despite the low level of activity to date, RMS chief research officer Robert Muir-Wood has warned.
The industry has been forced to take “a dose of reality” around natural catastrophe risk in the last few years, but while rates have changed, pricing adequacy remains a challenge, according to Aspen CUO Christian Dunleavy.
TransRe is keeping a close eye on its casualty business as rising inflation puts pressure on the claims outlook, particularly for D&O liability, the reinsurer’s CEO Ken Brandt has told The Insurer TV.
Long-tail business is increasingly at the mercy of rampaging inflation, MS Reinsurance’s chief executive Robert Wiest has told The Insurer TV, and this will lead to increasing discipline at upcoming renewals.
The (re)insurance industry’s approach to climate change needs to be sustainable to succeed, industry leaders have warned.
Twelve months since Moody’s acquisition of RMS and the two companies are already well into the process of integrating their products and services to help improve the industry’s response to an increasingly volatile nat cat environment, RMS has told The Insurer TV.
Swiss Re’s Moses Ojeisekhoba has said inflation will be the main topic dominating discussions ahead of the 1 January renewal, but that it is just one of several major challenges the industry is facing.
There will be “winners and losers” in the retrocessional market as rates continue to firm, with the hardening pressures seen at 1 January set to persist through 2022, Liberty Mutual Re expects.
Swiss Re group CUO Thierry Léger said the group’s decision to pull back entirely from the Russian market amid the ongoing conflict with Ukraine was “the most radical move” a company can make, but one that was essential.
The ongoing inflationary pressures facing the (re)insurance market can be overcome through better “granularity of understanding” of what’s really relevant to the claims environment, Aon’s Rupert Moore has said.
Gallagher Re CEO James Kent has forecast the reinsurance market will remain “logical” as 1 January renewal discussions take place against a backdrop of challenging industry headwinds.
Reputational damage is now one of the key risks facing corporates but one of the most challenging to insure.
In this short video, BDA’s CEO David Hart and BDA’s chair Stephen Weinstein reflect on the need for dialogue as the industry prepares for “one of the most challenging mid-year renewals in years”.
In this video, part of the Bermuda Risk Summit series, The Insurer TV’s Sophie Roberts and AIG Re’s CEO Chris Schaper talk about how the reinsurance industry in Bermuda has “enhanced its business proposition” in the past few years given the market’s expansion into new lines of business and how ...
In this video, part of The Insurer TV’s Bermuda Risk series, Aon’s president Eric Andersen talks to content editor Sophie Roberts about how Bermuda is building out a “climate marketplace” which must be supported and the important role the industry will play in the transition to become net zero.
In this interview, Ariel Re’s CEO Ryan Mather speaks to The Insurer TV’s Sophie Roberts about how Ariel Re is preparing for the forthcoming renewal seasons and how recent cat events, inflation and climate change are shaping discussions.
Watch Convex chairman and CEO Stephen Catlin share his thoughts on why “there is nowhere else quite like the Bermuda market”, the progress being made on the development of public-private partnership solutions for Covid-19 in the UK and bullish growth projections for Convex.
In this video, The Insurer TV’s Sophie Roberts speaks to TigerRisk’s president Tim Ronda about the volatility in the reinsurance market, the expectations ahead of the Florida renewals, and the opportunities in M&A and legacy transactions as part of the Bermuda Risk Summit series.
In this 10-minute interview, The Insurer TV’s Sophie Roberts and Envelop Risk Analytics CUO Ari Chatterjee explore the challenges and opportunities in the cyber market, as well as the increasingly pivotal role Bermuda is playing when it comes to providing cyber capacity.
In this exclusive interview at the Bermuda Risk Summit 2022, Horseshoe CEO Kathleen Faries and The Insurer TV’s Sophie Roberts discuss the trends and outlook for the ILS market.
Watch Bermuda Brokers CEO Hugh O’Donnell speak to The Insurer TV’s Sophie Roberts about the relevance of the Bermuda (re)insurance market, including the dynamics around the use of alternative capital and the role of MGAs in this market, as part of the Bermuda Risk Summit series.