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.

Amid COVID-19, there’s an opportunity to offer “necessary” protection: L&G Re CEO, Olunloyo

7th May 2020

While it’s impossible to predict the long-term impacts of the COVID-19 pandemic on the pension risk transfer (PRT) space, for expanding life re/insurer L&G, there’s an opportunity to offer necessary life-time protection during these unprecedented times. This is according to the Chief Executive Officer (CEO) of the firm’s reinsurance hub L&G ... Read the full article

Public-private partnerships the only viable option we have to tackle pandemics: Scotti, Swiss Re

4th May 2020

As COVID-19 continues to drive widespread uncertainty and extremely challenging societal and economic conditions, the only viable way to effectively address the crisis is through public-private sector collaboration, according to Veronica Scotti, Chairperson Public Sector Solutions, Swiss Re. While varying degrees of lockdowns and social distancing measures remain in place across ... Read the full article

Positive timing of Tiberius deal supports IGI’s growth ambitions: IGI’s Jabsheh

30th April 2020

The timing of the transaction with Tiberius was both positive and opportune for IGI, while the simplified access to capital enables the insurer to grow in the current market, according to the company’s President, Waleed Jabsheh. Following its business combination with Tiberius, former Dubai-registered IGI became a public company ... Read the full article

COVID-19 a catalyst for digital transformation: Getsafe CEO

28th April 2020

The COVID-19 pandemic could turn out to be a catalyst for digital transformation in the insurance sector, according to Getsafe CEO and founder Christian Wiens, who sees the crisis as potentially beneficial for insurtech firms. Speaking in an interview with Reinsurance News, Wiens noted that the pandemic has forced many re/insurance ... Read the full article

PartnerRe expects long-term commitment from Covéa, says CEO Clarke

17th April 2020

Emmanuel Clarke, Chief Executive Officer (CEO) of Bermudian reinsurer PartnerRe, has said that the recently announced acquisition by Covéa is “a very good strategic fit” for the company. Speaking in an interview with Reinsurance News, Clarke explained that PartnerRe views Covéa as “a long-term committed owner” with a long-term strategic interest ... Read the full article

Erosion of insurance contract rights bad for the economy: Priebe, Guy Carpenter

16th April 2020

Any erosion of insurance contract rights, through the honouring of claims where coverage was never intended, or refusal of claims that should have been covered, would be bad for the economy as a whole, Guy Carpenter's Chairman David Priebe explained to us. In a wide-ranging interview, Priebe said that it remains ... Read the full article

Mid-year renewals expected to be on-time: Priebe, Guy Carpenter

14th April 2020

The mid-year reinsurance renewals at June and July 1st 2020 are expected to proceed without any major issues due to the COVID-19 pandemic, as the industry prepares to negotiate via video conference, David Priebe, Chairman of Guy Carpenter told us. Speaking with Reinsurance News, the Chairman of reinsurance broker Guy Carpenter ... Read the full article

Understanding today’s risk critical in closing the flood protection gap: Fathom’s Dr. Smith

12th February 2020

Increasingly open and transparent data is vital in order to drive a greater understanding of, and demand for, flood insurance around the world, and will ultimately help to narrow the flood protection gap, according to Dr. Andrew Smith, Chief Operations Officer (COO) of UK-based flood risk modeller, Fathom. Globally, flood exposures ... Read the full article

Swiss Re committed to finding solutions to tackle cancer: Chief Medical Officer, Schoonbee

4th February 2020

On World Cancer Day, the Global Chief Medical Officer at reinsurance giant Swiss Re, John Schoonbee, explores the fast moving and complex disease and how re/insurers like Swiss Re can collaborate to bring significant benefits. According to the World Health Organization (WHO), globally, cancer is the 2nd leading cause of death, ... Read the full article

Retro pricing dynamics could disrupt market shares: Third Point Re execs

18th December 2019

Reinsurers that rely heavily on retrocession could be in danger of losing market share next year if prices continue to increase in response to the shortage of capacity, according to executives at Third Point Re. Speaking in an interview with Reinsurance News, David Govrin, President of Third Point Reinsurance (USA) Ltd., ... Read the full article

Another big loss is needed to fundamentally shift rates: Occam CEO Gibbins

17th December 2019

A fundamental shift in the re/insurance pricing environment will ultimately require another significant market loss event, according to Lance Gibbins, Chief Executive Officer (CEO) of specialty Lloyd’s of London managing general agent (MGA) Occam Underwriting. Speaking in a recent interview with Reinsurance News, Gibbins acknowledged that carriers are now responding to ... Read the full article

A changing environment shouldn’t change your strategy: PartnerRe’s Colello

29th November 2019

Reinsurers should not be looking to alter their strategy in response to changing market conditions, but should instead be focusing on consistency and execution, according to Jon Colello, CEO for P&C Americas and President of PartnerRe. Speaking in an interview with Reinsurance News, Colello acknowledged that both insurers and reinsurers were ... Read the full article

Lack of awareness around the European protection gap: NewRe execs

25th November 2019

Senior executives at Swiss reinsurer NewRe say the company continues to see untapped opportunities in the developed European market, partly due to a lack of awareness about the significant protection gap in many areas. Reinsurance News recently spoke to CEO Renate Strasser and Artur Klinger, the company’s Chief Underwriting Officer (CUO) ... Read the full article

The question is whether changes are cyclical or structural: Roundtable

22nd November 2019

With re/insurance a completely different market now than the one 18 months ago, key industry executives speaking at the 2019 Reinsurance News Monte Carlo Rendezvous Roundtable reflected on whether the longer-term decline in rates is cyclical or structural. If it has been cyclical and the factors driving this new ... Read the full article

The industry is starting to understand an infant cyber market: Guenther, Hacker

21st November 2019

Still in its infancy, the global cyber risk market continues to grapple with data and modelling challenges, but increasingly, re/insurers are becoming aware of a need for new and innovative approaches. This is according to the owner and founder of PeriStrat GmbH, Hans-Joachim Guenther and Peter Hacker, a globally recognized cyber ... Read the full article

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