Advertise here

Menu

Reinsurance News

For reinsurers that can increase relevance, the future is bright: PartnerRe

9th September 2018 - Author: Luke Gallin

Global reinsurer PartnerRe sees a bright future for reinsurance companies that can increase their relevance in an evolving risk landscape, according to the firm’s President and Chief Executive Officer (CEO), Emmanuel Clarke and CEO of P&C, Charles Goldie.

partner-re-logo-smallerSpeaking at the Monte Carlo Reinsurance Rendez-vous 2018, the pair underlined the importance of reinsurers as the ultimate risk bearers.

Clarke said that despite the challenges facing the marketplace, the future is bright for reinsurers, especially those that can increase their relevance in a riskier world where demand for volatility protection is on the rise.

In recent years, explained Clarke, large insurance companies have shifted from utilising reinsurance purely for capital management purposes, towards reinsurance products for both capital management as well as volatility control.

“Reinsurers need to become experts at sourcing and matching capital. We believe using all forms of capital to improve our product offering for clients is the right thing to do,” said Goldie.

He continued to note that in order to lower the overall cost of capital for clients, reinsurers must be able to match capital.

“Our insurance clients want to work with reinsurance partners that have a vested interest in helping them to grow and develop their businesses, support their most confidential initiatives and that can provide capacity after large or unexpected events,” added Goldie.

Recent Reinsurance News

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.

By submitting the form you are giving your consent to be emailed by us.

Read previous article:
JLT Re appoints Henry Sanderson to London Global Markets division

JLT Re, the reinsurance broking arm of global brokerage JLT Group, has announced that Henry Sanderson is to join the...

Close