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.

Digitalisation of the re/insurance sector has to happen, says Brit’s Jon Sullivan

20th March 2019

Jon Sullivan, Group Deputy Chief Underwriting Officer (CUO) at Brit, recently spoke with Reinsurance News about a number of market trends, including the renewals, technological advancements and disruptions, and also the changing climate. Global specialty insurer and reinsurer Brit’s fourth-quarter 2018 profits were hit by almost $200 million of catastrophe losses, ... Read the full article

Businesses need clarity to justify cyber investment: Brisson, Swiss Re

8th March 2019

Whilst the introduction of regulatory frameworks surrounding personal data continually heightens the legal and financial repercussions for a company seen to have mishandled it, obtaining sufficient cyber cover is becoming an increasingly higher-stakes game. In a recent discussion with Reinsurance News, Swiss Re Corporate Solutions’ Head Cyber Technology EMEA APAC LATAM, François ... Read the full article

AI technologies the “future of employment” for re/insurers, says Quantemplate CEO

6th March 2019

Artificial intelligence (AI) and machine learning technologies should not just be viewed as a short-sighted cost cutting tool, but rather as the “future of employment” for re/insurance companies, according to David Lundgren, CEO of financial tech firm Quantemplate. Speaking in an interview with Reinsurance News, Lundgren noted that efficiency and cost ... Read the full article

Brokers key to future weather risk market growth: Malinow, Sompo Global Weather

30th January 2019

The weather risk market continues to expand and remains competitive for a sector with few experienced dealers, but for future growth potential to be realised, brokers have a key role to play, according to Martin Malinow, President of Sompo Global Weather, a division of Sompo International Holdings Ltd. Reinsurance News recently ... Read the full article

Cat modellers can learn from tech industry: Simplitium’s Lay & Jones

10th January 2019

With recent developments driving the need for ever more efficiency in the re/insurance industry, catastrophe modellers could benefit from emulating the approach of the technology sector, according to Simplitium’s James Lay and Matthew Jones. Lay and Jones noted that cost reduction was a central theme for many re/insurers during 2018, as ... Read the full article

2019 shaping up as busy year for insurtech Tremor: CEO, Sean Bourgeois

8th January 2019

The Chief Executive Officer (CEO) of InsurTech start-up Tremor Technologies, Inc., Sean Bourgeois, says that 2019 is shaping up to be very busy for the firm, after the successful completion of the first fully programmatic placement of a property catastrophe reinsurance program. Tremor’s open, technology-driven, programmatic marketplace for reinsurance risk placement ... Read the full article

Reinsurers speculate over nature of Marriott cyber loss: Johansmeyer, PCS

24th December 2018

Following the major cyber attack and resulting data breach of one of the Marriott hotel chain’s reservation systems, Reinsurance News spoke with the Co-Head of Property Claim Services (PCS), Tom Johansmeyer, about the nature of the event and expected industry loss. The breach, announced on November 30th, led the insurance ... Read the full article

Artex’s Malta PCC offers UK brokers no-deal Brexit alternative

10th December 2018

As the UK’s exit from the European Union continues to stir uncertainty throughout the financial sector, Artex Risk Solutions hopes to provide small-to-medium sized brokers with a relatively low-cost and convenient way of continuing operations on the continent with the formation of a Malta-based Protected Cell Company (PCC). Theresa May’s draft ... Read the full article

Value of re/insurance for reputational risks shouldn’t be ignored: Johansmeyer, PCS

29th November 2018

When it comes to reputational risk, there’s an argument that the bark is worse than the bite, but that doesn’t mean risk managers shouldn’t secure insurance or reinsurance to protect against major potential reputational events, according to Tom Johansmeyer, Co-Head, PCS Strategy and Development, Verisk Risk Solutions. Reinsurance News recently spoke ... Read the full article

Protectionism a “lose-lose situation”: Swiss Re’s Jerome Haegeli

28th November 2018

Protectionism is a “lose-lose situation” and its impact on both global reinsurance players and policyholders alike is not positive, according to Swiss Re’s Chief Economist Jerome Haegeli. In a recent conversation with Reinsurance News Haegeli spoke positively about the current state of the reinsurance market, but warned against the trend of ... Read the full article

Current M&A trends benefit mid-sized players like CCR Re, says CEO Labilloy

15th November 2018

Current mergers and acquisitions (M&A) trends in the re/insurance industry are creating more space for pure reinsurers and medium players like CCR Re to offer improved services to clients, according to Bertrand Labilloy, Chief Executive Officer (CEO) of CCR, the state-back French reinsurer. Speaking in an interview with Reinsurance News, Labilloy ... Read the full article

Short-term policies will open new markets for life re/insurers: Hannover Re’s Laudato

5th November 2018

New categories of short-duration life insurance products will allow re/insurers to access new markets and pools of customers, according to Tony Laudato, Vice President of Partnership Solutions, Hannover Re US. Speaking in an interview with Reinsurance News, Laudato explained that short-duration policies, such as the one recently developed by Hannover ... Read the full article

Implementing autonomous tech into reserving practices a benefit for re/insurers: Mark Hewitt

2nd November 2018

In light of the potential for future changes to the Ogden discount rate, for insurers and reinsurers, the implementation of autonomous technology into their reserving practices offers both cost and time benefits, according to Mark Hewitt, creator of the Verisk piCalculator and Founder, Director and Head of Development at Rebmark, ... Read the full article

Asia-Pacific will remain our core: Peak Re’s Chris Kershaw

26th October 2018

China is a big part of Peak Reinsurance’s current portfolio and will continue to be so, while the increasing opportunities in India have only just started to be addressed, according to the company’s Managing Director of Global Markets, Chris Kershaw. In a recent interview with Reinsurance News Kershaw laid out his ... Read the full article

Modelling the un-modellable: An interview with CyberCube CEO Pascal Millaire

23rd October 2018

In 1957 while at his home in Richmond, Virginia, a blind seven-year old boy named Joe "Joybubbles" Engressia discovered that by whistling into the phone at a frequency of 2600 Hz he was able to mimic the dial tone used by AT&T to route calls, an exploit that allowed long-distance ... Read the full article