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 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
Reinsurance growth to persist as market evolution sees segregation and risk decoupling: Corinthian Re
10th November 2022
The segregation of different areas of expertise within issuing carriers and the decoupling of risk is a trend that will accelerate in the reinsurance industry as it is cost effective and gives consumers and investors more opportunity, according to Christopher Collins, CEO of Corinthian Re. This is where the market is ... Read the full article
“Many carriers are pulling out of property cat, but we are not afraid”: Ariel Re’s Maccioni
1st November 2022
With a growing number of reinsurers cutting capacity for property catastrophe re/insurance and causing a hard market, Reinsurance News had the chance to speak to Ariel Re’s London-based Property Underwriters Tom Orton and Giovanni Maccioni ahead of the January renewals about the company’s current appetite and future plans for property ... Read the full article
Helios well placed ahead of ‘really hard’ market: Hanbury and Manners
25th October 2022
Despite a couple of headwinds, Helios increased its capacity portfolio to £233 million for the 2022 underwriting year, and management is confident about the prospects and future profitability of the firm ahead of further market hardening. In late September, Helios Underwriting, the Lloyd’s focused investment vehicle, reported a significant rise in ... Read the full article
Swiss Re is trying to ensure that inflation risk is shared between its customers and itself: Frank Reichelt
24th October 2022
With inflation currently remaining above historical peak, Swiss Re’s Head of Northern, Central & Eastern Europe, Frank Reichelt, discussed with Reinsurance News about what coping mechanisms the company have had to adapt to keep ahead. “We are following the topic very closely with the support of our own research department. We ... Read the full article
Reinsurers must seek government backing for biggest risks: PwC’s Bichard
10th October 2022
Jim Bichard, Global Insurance Leader for PwC, has urged the insurance and reinsurance industry to seek bolder collaboration with governments and public bodies to handle the largest risks facing the market. Speaking to Reinsurance News at the recent RVS 2022 event in Monte Carlo, Bichard discussed the main trends and challenges ... Read the full article
Remediation is bearing fruit at Lloyd’s ahead of 1/1 filled with opportunity: LMA’s Davison
6th October 2022
Following a strong underwriting performance in the first-half of 2022, remediation efforts at the specialist Lloyd’s insurance and reinsurance marketplace are proving successful, which puts the sector in a good position ahead of the important January 1st, 2023, reinsurance renewals. While investment losses dented the market’s overall result for H1, Lloyd’s ... Read the full article
Inflation could “absolutely dominate” reinsurance outlook: PwC’s Bichard
4th October 2022
Jim Bichard, Global Insurance Leader for PwC, has warned that inflationary challenges could “absolutely dominate” the insurance and reinsurance landscape in the near future. Speaking to Reinsurance News at the recent RVS 2022 event in Monte Carlo, Bichard identified the main trends under discussion as the scarcity of available reinsurance capacity ... Read the full article
Technology has outpaced the insurance markets appetite: Verisk’s Tim Rayner
26th September 2022
2022 is set to be a landmark year of change in the London market, with the evolution of cloud computing, distributed computing via APIs, and data augmentation all starting to culminate in opportunities for the market to be more efficient as it starts to move from analogue to digital. This is ... Read the full article
NewRe open to giving up business ahead of “work-intense” renewal: CEO Braune
22nd September 2022
Swiss reinsurer and Munich Re subsidiary NewRe is “open to giving up business” at the January renewals depending on how pricing and structural negotiations play out over the next few months, according to CEO Thomas Braune. Speaking to Reinsurance News at the RVS 2022 event in Monte Carlo last week, Braune ... Read the full article
Nat cat is a real growth opportunity for Swiss Re: CUO Thierry Léger
16th September 2022
While many carriers look to lower the volatility of their book by cutting their property catastrophe exposure, reinsurance giant Swiss Re intends to grow further in the natural catastrophe space and sees this as a real growth opportunity, according to Group Chief Underwriting Officer (CUO), Thierry Léger. Reinsurance News spoke with ... Read the full article
There are opportunities in ‘complex’ and uncertain environment: Reardon, Hiscox Re & ILS
14th September 2022
The eyes and brains of the re/insurance industry are assessing the state of the landscape, trying to make sense of not only where the industry is, but in which direction it is heading. To talk about this, Kathleen Reardon, CEO of Hiscox Re & ILS, sat recently with Reinsurance News around ... Read the full article
Rate discussions inevitable amid accelerating loss cost drivers: Thierry Léger, Swiss Re
14th September 2022
As the year turns the corner towards its end, it is time not only to take stock of everything that has happened in 2022, but also of what may - or probably will - come to pass in 2023. Reinsurance News recently took the time to sit with Thierry Léger, CUO ... Read the full article
It’s now “imperative” that re/insurers deploy smart tech: Davies, Xceedance
14th September 2022
Current geopolitical instability, staffing woes, and inflationary pressures are forcing the insurance industry to dramatically improve its operational efficiency through smart technology, says Justin Davies, Head of EMEA at re/insurance service provider, Xceedance. The insurance and reinsurance industries, like other businesses and consumers all over the world, are struggling with a ... Read the full article
Re/insurers need to step up their efforts to narrow protection gap: Peak Re CEO Hahn
14th September 2022
A widening of the protection gap, says Franz Josef Hahn, Chief Executive Officer (CEO) of Hong Kong domiciled reinsurer Peak Re, is "perhaps one of the most imminent threats" to the reinsurance business. Speaking to Reinsurance News, Hahn discussed some of the main threats to the reinsurance business, including the impact ... Read the full article
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