Reinsurance News
Reinsurance interviews
A series of interviews with prominent reinsurance industry executives, discussing the state of the global reinsurance market, opportunities for growth in reinsurance, disruptive factors and the influence of technology on risk transfer and reinsurance.
Long-term partnerships and stability key for QBE Re: Jamie Cook
9th September 2024
Global reinsurer QBE Re is in growth mode, and as the firm pivots towards a longer-term view of the business and the client base continues to shift, deeper and more enduring relationships are paramount, according to Jamie Cook, Chief Partnership Officer. Around the annual meeting of the reinsurance industry in Monte ... Read the full article
Munich Re is ready to accommodate strong demand from Europe & LatAm: Clarisse Kopff
9th September 2024
Demand for reinsurance protection is strong in Europe and is expected to remain so in 2025, but it’s important that structural corrections achieved in the past two years are maintained, according to Clarisse Kopff, Member of the Board of Management at Munich Re. Kopff is responsible for European and Latin American ... Read the full article
Gen AI an exciting opportunity for re/insurers, though introspection is needed: Xceedance’s Clausner
9th September 2024
According to Isabelle Clausner, VP, client executive – EMEA at Xceedance, opportunities for re/insurers to enhance operations with GenAI are many and varied, and although it will take a lot of work and introspection to achieve individual aims, the quickest wins will be in deploying technology to gain efficiency. Speaking in ... Read the full article
Reinsurance capacity crunch threatens growth in financial risks sector, says Howden Re
5th September 2024
James Loggie, Managing Director of Howden Re Financial Risks, emphasises a critical need for growth in the reinsurance market to match rising demand. Despite the stability and strong performance of the financial risks sector post-pandemic, the reinsurance market faces urgent pressure to expand. In a recent interview with Reinsurance News around ... Read the full article
Growing need for MIS’ GEO amid rising nat cat losses: Forbes McKenzie
30th August 2024
With annual insured natural catastrophe losses consistently exceeding $100 billion, the demand for services like McKenzie Intelligence Services’ (MIS) Global Events Observer (GEO) platform is increasing, as it accelerates disaster relief and economic recovery. In an interview with Reinsurance News, Forbes McKenzie, Founder and CEO of MIS, explained how the firm ... Read the full article
SiriusPoint CEO hails another quarter of positive underwriting performance
8th August 2024
Bermuda-based re/insurer SiriusPoint recently posted its seventh consecutive quarter of positive underwriting results in Q2 2024, partly attributable to new managing general agent (MGA) partnerships and the expansion of existing ones, according to CEO Scott Egan. In an interview with Reinsurance News, Egan discussed the firm's results in both the second ... Read the full article
ESG and democratisation driving greater transparency in private market space: Napoli, Clearwater
7th August 2024
Net zero target initiatives are driving increased interest in ESG, which, combined with the democratisation of the private market space in general, is leading to broader transparency efforts in the private credit segment, according to Jon Napoli, Solutions Consultant, Clearwater Analytics. In an interview with Reinsurance News, Napoli discussed shifting market ... Read the full article
Hurricane Season Spurs Automation & Exposure Management Advancements in LatAm: Pro Global
31st July 2024
With the 2024 hurricane season in full effect, this time of the year is always interesting for the re/insurance industry due to the number of opportunities and challenges it poses for many different countries/regions. Reinsurance News recently spoke to Martin Smith, President of Pro Global, Latin America (LatAm) about some of ... Read the full article
Interest in Louisiana is rising after property reforms, and there’s more to come: Insurance Commissioner Temple
30th July 2024
The successful passage of a package of bills designed to reform Louisiana’s property insurance market is a key step towards restoring confidence in the state, and according to Insurance Commissioner Tim Temple, there’s more to come. It was announced in May that Governor Jeff Landry and the State Capitol had ... Read the full article
Carriers exposed to large enterprises most likely to face losses from IT outage: Parametrix CEO
24th July 2024
Insurance carriers that have greater exposure to large enterprises are more likely to face the brunt of the losses stemming from the CrowdStrike linked IT outage, says Parametrix Insurance CEO, Jonathan Hatzor. According to the organisation, the event is expected to withdraw an insured loss range of $540 million to ... Read the full article
As the BMA tightens regulations, Bermuda continues to attract global re/insurers: BILTIR
15th July 2024
Bermuda has successfully continued to attract global re/insurers as the Bermuda Monetary Authority (BMA) continues to introduce significant new requirements to regulate the market in its jurisdiction, a move that has had a very significant financial impact on the island's life and long-term sector, according to BILTIR’s CEO Suzanne Williams-Charles. In ... Read the full article
Casualty market to remain disciplined through the end of 2025: Northern Re
8th July 2024
Anthony McKelvy, co-founder and Managing Partner of Cayman Islands-based Northern Re, anticipates the casualty market to remain disciplined through the end of 2025, adding that the multiple years of significant positive rate increases were necessary to address not only the elevated inflationary environment but also the lengthening of claim development ... Read the full article
Proactive sellers, deeper dialog contributed to a healthier mid-year renewals: Mowery, GC
8th July 2024
Reinsurers were more proactive when exploring ways to deploy capacity at the mid-year 2024 renewals, which, together with greater depth of data and detailed dialog between buyers and sellers, made for a healthy marketplace, according to Lara Mowery, Head of Distribution, Guy Carpenter. Reinsurance News spoke with Mowery soon after the ... Read the full article
Labuan IBFC aims to expand in reinsurance and beyond after strong growth in 2023: CEO Nuli
2nd July 2024
Labuan International Business and Financial Centre (Labuan IBFC), an Asian financial hub known for its insurance, reinsurance, Islamic finance, and digital business solutions, achieved significant growth in 2023, with continued expansion expected in 2024 due to its strong regulatory framework and creative strategies, according to Datuk Iskandar Mohd Nuli, Executive ... Read the full article
Reinsurance market now balanced, sellers holding the line on retentions: Vickers, Gallagher Re
1st July 2024
The reinsurance market was fairly stable heading into the July 1st, 2024, renewals, and is now more balanced than it was a year ago, although reinsurers are holding the line on retentions, according to James Vickers, Chairman, Gallagher Re International. Reinsurance News spoke with Vickers around the launch of reinsurance broker ... Read the full article
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