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.
Great opportunity for property CAT investment amid “perfect storm”: Carson K2 CAT
31st January 2023
A “perfect storm” has created a hard market for property treaty business, the best underwriting conditions in the last 30 years. The higher rates stemming from a challenging economic environment have made this a great time for investors to enter the market, said David Carson, head underwriter at MGA K2 ... Read the full article
Industry should “absolutely” move to less model dependency, says Amwins’ Bernacki
24th January 2023
Given the continued ‘model miss’ of the recent catastrophes, Mark Bernacki, Chief Underwriting Officer of Amwins, has suggested that the industry should “absolutely” move to less model dependency. In his interview with Reinsurance News, Bernacki gave a definitive “yes”, when asked whether it was time to move on, citing the increased ... Read the full article
There’s reasons to be upbeat & positive on the MGA space, says Amwins’ Bernacki
17th January 2023
In an interview with Reinsurance News, Mark Bernacki, Chief Underwriting Officer of Amwins, suggested that he remains very upbeat and positive on the MGA/MGU world despite assessing that valuation expectations will trend down in 2023. Bernacki noted that the downward trend will be driven by a variety of factors. First noting ... Read the full article
Spring Insure is ready for growth after a transformational year: CEO Tristan Sargeaunt
12th January 2023
After a transformational 2022, expect to see more of MGA Spring Insure in the months ahead as the company targets greater broker engagement and more distribution activity to support growth, according to its Chief Executive Officer (CEO), Tristan Sargeaunt. Since its launch in November 2020, specialist financial and professional lines MGA, ... Read the full article
Cyber may be the most “underwrite-able line of business”: Ladeau, Trium Cyber
5th January 2023
In an interview with Reinsurance News, Josh Ladeau, Chief Executive Officer of Trium Cyber, syndicate 1322, explains what differentiates the firm from other underwriters of cyber risk. After gaining approval in November of last year, Trium Cyber is the first Lloyd’s-approved service company to provide coverage for US-domiciled cyber risks, ... Read the full article
Renewals mark return to reinsurers driving primary behaviour: Gallagher Re’s Vickers
4th January 2023
The recent January 1 renewals period marked a return to a historical market dynamic in which reinsurers are the drivers of behaviour in the primary markets, James Vickers of Gallagher Re has asserted. Speaking to Reinsurance News alongside the release of Gallagher Re’s 1st View report, Vickers explained that reinsurers “are ... Read the full article
A complicated and challenging 2023 for reinsurers: SiriusPoint’s Chester
4th January 2023
Reinsurers are to face a complicated and challenging 2023 with increasing uncertainty, warned Ari Chester, SiriusPoint’s Head of US and Canada Reinsurance, in an interview with Reinsurance News. According to Chester, while reinsurance supply remains very competitive, dynamics are shifting, like in the property markets. Additionally, he noted, with the prospect ... Read the full article
Jan 1st reinsurance renewal season is an “epiphany”, says SiriusPoint’s Ari Chester
23rd December 2022
With the upcoming 1/1 reinsurance renewals looming closer, SiriusPoint’s Head of US and Canada Reinsurance, Ari Chester, spoke to Reinsurance News about the renewal season and the firm's outlook. “This renewal season is an epiphany, a sudden awareness that insurance balance sheets need to be compensated for property volatility. And it’s ... Read the full article
Cat tops the list of risks that cedents should be keeping in mind for 2023: Johansmeyer, PCS
19th December 2022
Verisk Insurance Solutions’ Head of PCS, Tom Johansmeyer, spoke with Reinsurance News about the types of risks that cedents should be keeping front of mind for 2023. “Cat is obviously top of the list, with a particular focus on Florida. That’s because, much as armies prepare to fight their last war ... Read the full article
In our industry we rely on the past to have a glimpse of the future: Mican, PCS
16th December 2022
In an interview with Reinsurance News, Alex Mican, Director, Specialty Lines Product Development, PCS, Verisk Claims, suggested that given the events of the past year, having access to additional loss data sources will be vital to a successful January 1st renewal. Discussing what challenges specialty lines underwriters have faced this year, ... Read the full article
Swiss Re looking at one of the most “positive outlooks” for a while at the April renewal season: Paul Murray
2nd December 2022
Swiss Re’s Chief Executive Officer Reinsurance Asia, Paul Murray spoke with Reinsurance News to share his thoughts on Swiss Re’s outlook for the upcoming Asia renewal season, as well as how he sees market conditions developing within reinsurance in Asia Pacific. Addressing Swiss Re’s outlook for the Asia renewal season, Murray ... Read the full article
“It was a different world in 1975, but reinsurance is still fascinating and important”: Patrick Delalleau, CCR Re
22nd November 2022
The insurance and reinsurance world has evolved significantly since Patrick Delalleau entered the space more than 45 years ago. In his current role, Patrick Delalleau serves as a Senior Advisor at French state-run reinsurer, CCR Re, a position he took on in 2019 following more than ten years as the company’s ... Read the full article
Tech and human intelligence in re/insurance should work as a “marriage”: Collins, Corinthian Re
18th November 2022
The role that technology plays in the re/insurance industry is increasing and this is happening at a time when market participants are striving for greater efficiency, in an effort to both lower costs and remain relevant in an evolving sector. For Christopher Collins, CEO of Corinthian Re, there needs to be ... Read the full article
Ariel Re focused on discerning risk selection amid market uncertainty at upcoming renewals
16th November 2022
With the January reinsurance renewals just a couple of months away, there are a number of different factors that could impact property renewals. The hard market has been gaining momentum and been sent into overdrive by Hurricane Ian. Added into this mix are the macro-economic factors such as inflation, and ... Read the full article
We need to be disciplined & nimble in our approach to the market: SiriusPoint’s Scott Egan
10th November 2022
SiriusPoint’s CEO Scott Egan has said that the firm must be disciplined in its risk appetite and nimble in its approach to the market as it looks to restructure its underwriting platform following a net loss of $98 million for the Q3 period. SiriusPoint reported an underwriting loss of $47m ... Read the full article
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