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.

Risk transfer is at the heart of low carbon transition: Rowan Douglas, WTW

17th November 2021

The global risk transfer industry will prove vital in how society is going to manage and orchestrate an orderly transition to a low carbon economy, according to Rowan Douglas, Head of the Climate and Resilience Hub at Willis Towers Watson (WTW), and Chairman of Willis Research Network. Reinsurance News spoke recently ... Read the full article

Reinsurance industry must remediate, repair and improve: Heerasing, SiriusPoint

16th November 2021

Despite some improvements, the reinsurance sector continues to struggle to produce a meaningful return on capital, and as pressure builds on the impacts of climate change and secondary peril losses, there’s a real need for further rate momentum, according to Bobby Heerasing, Head of International Strategic Business Development, SiriusPoint. With the ... Read the full article

Reinsurers will find common ground on pricing at renewals: TigerRisk’s Gulbransen

12th November 2021

Despite significant pressure following another year of elevated catastrophe losses, reinsurers and clients will likely manage to find “common ground” on structure and pricing at the 2022 renewals, according to TigerRisk’s Wade Gulbransen. Gulbransen, who serves as Head of North America at the re/insurance risk, capital and strategic advisor, recently spoke ... Read the full article

Ransomware is the largest cyber reinsurance market issue: PCS’ Johansmeyer

25th October 2021

In a recent video interview with our sister publication Artemis, Tom Johansmeyer, Head of PCS, discussed the subject of cyber risk, current cyber risk trends and how the insurance-linked securities (ILS) market can play a role in provision of reinsurance and retrocession capacity. During the interview Johansmeyer discussed ... Read the full article

There’s opportunity to grow in a promising Asian market: Peak Re CEO Hahn

20th October 2021

Despite the impacts of the COVID-19 pandemic, the Asian reinsurance market continues to evolve and the fundamentals are promising and present an opportunity for growth, according to Franz Josef Hahn, Chief Executive Officer (CEO) of Hong Kong domiciled reinsurer, Peak Re. “From an insurance and reinsurance perspective, Asia has been less ... Read the full article

2021 was “no outlier” for European cat losses: Swiss Re’s Reichelt

18th October 2021

With climate concerns growing across the re/insurance market, Swiss Re’s Frank Reichelt warns that secondary peril losses will inevitably grow, meaning a year like 2021 in Europe is “no outlier on a global scale.” With the January 2022 renewals coming up, reinsurance buyers are reflecting on what has been another active ... Read the full article

Machine learning and AI in an “arms race”: Concirrus’ CEO Andrew Yeoman

15th October 2021

Machine learning and artificial intelligence (AI) are now in an “arms race” within the insurance market, and what was a competitive advantage a year ago is ‘table stakes’ today, according to Concirrus CEO, Andrew Yeoman. In a recent interview with Reinsurance News, Yeoman discussed the impact that AI and tech has ... Read the full article

Not a true hard market, but there’s more to come: Aspen’s Christian Dunleavy

8th October 2021

Despite improvements, it’s still not a true hard market and the reinsurance arena is likely lagging the primary space and needs to push for more rate adequacy, according to Christian Dunleavy of Aspen Insurance Holdings Limited. Dunleavy, who serves as Chief Underwriting Officer (CUO) of Aspen Re, and Chief Executive Officer ... Read the full article

Data strategy critical for catastrophe claims operations: Genpact’s Sameer Dewan

4th October 2021

Sameer Dewan, Global Business and Digital Transformation Leader for Insurance at Genpact, has stressed the importance of data strategy for re/insurers looking to effectively handle catastrophe claims operations. Speaking in a recent interview with Reinsurance News, Sameer discussed the role of data and technology and asserted that managing disaster events is ... Read the full article

Climate change is not a risk, it’s a fact: Swiss Re CEO Mumenthaler

16th September 2021

In a recent video interview for the Artemis Live series from our sister site, Christian Mumenthaler, Chief Executive Officer (CEO) of Swiss Re, stressed that while the re/insurance industry certainly has a role to play, it is not the solution to climate change. The 2021 IPCC Climate Risk ... Read the full article

Everything points in the same direction – further hardening: MAPFRE RE CUO San Basilio

16th September 2021

While rate momentum has slowed somewhat throughout 2021, the current favourable reinsurance market environment is expected to persist into 2022 amid ongoing pressures from the pandemic, natural catastrophes and social inflation, according to Javier San Basilio, Chief Underwriting Officer (CUO) for MAPFRE RE. In a recent interview with Reinsurance News, San ... Read the full article

Increase in capital enables Fidelis to continue to innovate: Dan Burrows

13th September 2021

After raising a significant amount of capital in 2020, a trend which has continued this year, specialty insurer and reinsurer, Fidelis Insurance Holdings Limited, continues to innovate and sees opportunities across most lines of business, according to Dan Burrows, Executive Chairman of Fidelis Bermuda and Group Managing Director. In 2020, equity ... Read the full article

Humility is key as EMC Re targets new markets: Mondale Smith

10th September 2021

Mondale Smith, President and COO at EMC Re, has maintained that “humility and agility” will be key for the company to manage attrition and volatility as it looks to grow further and expand into new markets. EMC Re’s current portfolio is mainly comprised of US-based clients with just under a fifth ... Read the full article

Tech advances will fundamentally change the way insurance is underwritten: Griggs, Fujitsu UK

9th September 2021

The next big breakthrough within the field of data and analytics is already here and according to Krista Griggs, Head of Financial Services and Insurance at Fujitsu UK, is going to fundamentally alter the way insurance is underwritten. In a recent interview with Reinsurance News, Griggs described the arrival of digital ... Read the full article

Rates need to and will harden further: Swiss Re CEO Mumenthaler

7th September 2021

Further reinsurance market hardening is expected in the months ahead as the severe flooding in parts of Europe in July and the more recent impacts of Hurricane Ida serve as a stark reminder of the issues at hand, according to Christian Mumenthaler, Chief Executive Officer (CEO) of Swiss Re. Read the full article