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.
We need to refuel fiscal & monetary tanks, then upgrade the engine: Swiss Re’s Haegeli
13th November 2020
The impact of the ongoing COVID-19 pandemic has emptied global monetary and fiscal tanks and once refuelled, it would be wise to upgrade the engine, according to Swiss Re’s Chief Economist, Jérôme Jean Haegeli. Speaking with Reinsurance News around the launch of Swiss Re’s latest sigma publication, Haegeli stressed that it’s important to ... Read the full article
More collaboration needed on cat modelling: Twelve Capital’s Jamie Rodney
13th November 2020
Dr. Jamie Rodney, Executive Director of ILS Analytics at ILS investment manager Twelve Capital, has argued that more collaboration is needed across the re/insurance industry when it comes to catastrophe modelling. Rodney’s keynote speech at the online Prospectus 2021 conference yesterday offered some insights into peak catastrophe perils and the ... Read the full article
“Reinsurance is in a state of flux”: Willis Re’s James Vickers
23rd October 2020
On the back of several years of unsatisfactory returns and the added challenges of COVID-19, Willis Re’s James Vickers has said that the reinsurance market finds itself “in a state of flux.” Vickers, who is Chair of Willis Re International, recently spoke to Reinsurance News about the state of the reinsurance ... Read the full article
Parametric triggers the solution to pandemic backstop: Third Point Re’s Tracey Gibbons
19th October 2020
While it is clear that the enormous risks posed by future pandemics can only be tackled through public-private partnerships, the solutions proposed so far fail to fully contend with the scope and complexity of a global systemic threat of this nature. This is where parametric triggers come in, says Third Point ... Read the full article
COVID-19 tail unclear, but we’ve much further to travel in casualty: Willis Re
16th October 2020
While insurers and reinsurers looked to book much of their pandemic losses in the second-quarter, the potential for casualty lines development could persist for years and be very significant, according to executives at reinsurance broker Willis Re. It's likely to be years before we understand the full impact of the ongoing ... Read the full article
No significant capital rush amid investor trepidation: Willis Re execs
12th October 2020
While it's likely that more fresh capital will look to enter the re/insurance market in light of improving market conditions, investor trepidation remains amid continued financial market uncertainty and volatility, according to executives at Willis Re, the reinsurance broking of Willis Towers Watson (WTW). "We simply don't see capital rushing in," ... Read the full article
Industry will never get back to a pre-COVID ‘normal’: IGI’s Waleed Jabsheh
5th October 2020
From an operational point of view, the re/insurance industry is unlikely to ever return to the ‘normal’ it was accustomed to before the COVID-19 pandemic. This is according to Waleed Jabsheh, President of IGI, who discussed the challenges of the coronavirus crisis in a recent interview with Reinsurance News. “This experience has ... Read the full article
Re/insurers must “truly embrace innovation” to succeed: James Harrison, Dun & Bradstreet
2nd October 2020
As the insurance and reinsurance industry continues to evolve at a rapid pace, companies need to be more proactive with investments in digital and advanced analytics, according to James Harrison, UKI Head of Insurance at global data and analytics firm, Dun & Bradstreet. Following the announcement of his new role ... Read the full article
NewRe prepared to take advantage of changing market: CUO Dirk Herrenpoth
30th September 2020
NewRe’s Chief Underwriting Officer (CUO) Dirk Herrenpoth says the company is operating “in a position of strength” and is well-prepared to take advantaging of changing market conditions. Speaking in an interview with Reinsurance News, Herrenpoth noted that NewRe has had minimal exposure to pandemic losses and is now looking to capitalise ... Read the full article
Long-tail business faces exposure to indirect COVID losses: Hamilton Re’s Brown
28th September 2020
David Brown, Chairman and interim CEO of Bermuda-based reinsurer Hamilton Re, has warned that longer-tailed casualty lines could face exposure to indirect losses arising out of the COVID-19 pandemic. Speaking in an interview with Reinsurance News, Brown noted that there are exposures to claims-made policies in long-tail lines that may only ... Read the full article
UK must take flood risk more seriously, says Flood Re CEO
28th September 2020
Flood Re Chief Executive Officer (CEO) Andy Bord has said that the UK “must take flood-risk more seriously,” and stressed the urgency of building a more flood resilient country. In a recent interview with Reinsurance News, Bord discussed how Flood Re is working with the government to address the challenges facing ... Read the full article
Reinsurers must go “back to basics”: Willis Re’s James Vickers
25th September 2020
James Vickers, Chair of Willis Re International, has said that reinsurers must respond to the myriad challenges in the current market by going “back to basics” and focusing on combined ratios. Speaking in an interview with Reinsurance News, Vickers discussed the findings of a recent Willis Re report, which concluded ... Read the full article
IGI ready to take advantage of market dislocation: President Waleed Jabsheh
23rd September 2020
According to IGI President Waleed Jabsheh, the company has been largely insulated from the worst effects of the pandemic and is ready to take capitalise on the market opportunities COVID-19 has presented. Speaking in an interview with Reinsurance News, Jabsheh noted that IGI has little exposure to the areas that have ... Read the full article
Swiss Re takes pride in pushing the boundaries of insurability: CEO Mumenthaler
23rd September 2020
Christian Mumenthaler, the Chief Executive Officer (CEO) of reinsurance giant Swiss Re, is proud of the company's efforts to make the world more resilient amid a "super frustrating" and expanding global protection gap (disparity between economic and insured losses post-event). Mumenthaler recently spoke with our sister publication ... Read the full article
This is the market we’ve been waiting for: Hamilton Re’s David Brown
22nd September 2020
With rates now on a trajectory towards hard market territory, Hamilton Re Chairman and interim CEO David Brown says the company is seeing opportunity across specialty insurance and reinsurance business. Speaking in an interview with Reinsurance News, Brown said he was confident about Hamilton Re’s prospects following its takeover of Pembroke ... Read the full article