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.

Industry ‘responded very well’ to severe U.S. winter weather event: Fulton, Xactware

15th April 2021

In a recent video interview for our sister publication Artemis a discussion took place between Xactware President Mike Fulton and PCS Head Tom Johansmeyer on the recent US winter storm and Texas freeze loss event. The severe winter weather and deep freeze event that affected a significant proportion of ... Read the full article

Hard work, underwriting remedies coming through for reinsurers: Vickers, Willis Re

13th April 2021

Efforts undertaken by reinsurance carriers to improve performance are starting to come through on an underlying basis, but while momentum is positive, there’s more work to be done, according to James Vickers, Chair of Willis Re International. Reinsurance News spoke with Vickers around the launch of the reinsurance broker’s full-year 2020 ... Read the full article

Data needs to be imbued with meaning if re/insurers are to benefit: Verisk’s Payne

9th April 2021

It is universally accepted that data is integral to the future-proofing of the insurance industry, however its value diminishes when insurers lose sight of what they set out to achieve, according to Tom Payne, Managing Director UK & Europe at Verisk Underwriting, speaking in a recent interview with Reinsurance News. With ... Read the full article

Good progress made at “disciplined” April renewals: Willis Re’s Vickers

7th April 2021

Willis Re’s James Vickers believes that reinsurers made “good progress” at an April renewal period that saw underwriting discipline and a continuation of the rate increases seen at 1/1. Vickers, who is Chair of Willis Re International, recently spoke to Reinsurance News alongside the release of Willis Re’s 1st View ... Read the full article

How catastrophe events can affect elections: Q&A with PCS’s Johansmeyer

6th April 2021

So far, there hasn't been a catastrophe that has directly affected a U.S. presidential election, but as highlighted by Hurricane Zeta in October of last year, there's clearly potential for major events to impact society more broadly. In reality, not that many states in the U.S. are prone to large catastrophes ... Read the full article

Post-pandemic, re/insurers must be more forward-looking: Harrison, D&B

31st March 2021

Historically characterised as stuck in its ways and slow to adjust, as the world emerges from the pandemic, the re/insurance industry has an opportunity to accelerate its transformation through investments into digital and data technologies for the benefit of both carriers and clients. This is according to James Harrison, UKI Head ... Read the full article

Pandemic will help insurance penetration in long run: GIC Re’s Srivastava

26th March 2021

Devesh Srivastava, Chairman-cum-Managing Director at GIC Re, believes that despite its challenges the COVID-19 pandemic has increased awareness about insurance products and will help penetration in the long run. Speaking in an interview with Reinsurance News, Srivastava discussed the impact of the coronavirus crisis over the past year, as well as ... Read the full article

There’s more to do but demand for cyber reinsurance is growing: Chatterjee, Envelop Risk

12th March 2021

In a recent interview with Reinsurance News, Ari Chatterjee from Envelop Risk discussed how the cyber re/insurance market has changed in recent years and why demand for protection is projected to rise. “The development of the cyber reinsurance market actually sped up quite a lot in the recent past and one ... Read the full article

Supercede founders see opportunity in overlooked reinsurance space

26th February 2021

Supercede co-founders Jerad Leigh and Ben Rose believe there is “real opportunity” for their firm to become the primary digital ecosystem in the reinsurance space, which they say has historically been overlooked by technology. The launch of Supercede, a data-driven global trading platform formerly known as Riskbook, was announced earlier ... Read the full article

COVID spurred digital push in re/insurance: Willis Re’s Andrew Johnston

5th February 2021

With 2020 closing as the biggest year to date in insurtech funding, Willis Re’s Andrew Johnston has said that the COVID-19 pandemic pushed the re/insurance industry to digitize in a way that “no other imperative or initiative” could have. Johnston, who serves as Global Head of Insurtech at Willis Re, the ... Read the full article

Lloyd’s CFO Keese predicts strong interest in market’s ILS platform

14th January 2021

As the specialist Lloyd's of London insurance and reinsurance marketplace continues to evolve and enable additional modern ways of insurance financing, interest in the market sponsored London Bridge Risk PCC is expected to be robust, according to Burkhard Keese, Chief Financial Officer (CFO) at Lloyd's. Earlier today, Lloyd's announced that ... Read the full article

The US Capitol riots and the re/insurance industry: Tom Johansmeyer, PCS

7th January 2021

We interviewed Tom Johansmeyer, Head of PCS, today, to gain some background colour and a view on the rioting and civil disturbance seen at the US Capitol buildings on January 6th 2021. While the rioting and disturbances seen at the US Capitol yesterday aren't expected to have any significant financial implications ... Read the full article

Focus on exclusions drove late Jan 1 renewals: James Vickers, Willis Re

4th January 2021

Although renewal negotiations started off early, challenges around exclusionary language as reinsurers continued to respond to the pandemic, resulted in a late January 1st, 2021 renewals, according to James Vickers, Chair, Willis Re International. In an interview with Reinsurance News around the launch of reinsurance broker Willis Re’s latest 1st View ... Read the full article

Startups to have laser focus on expenses in 2021: Dmitry Mnushkin, Treefrog

29th December 2020

Both startups and established players in the reinsurance industry are likely to have a strong focus on expense efficiency in 2021, according to Dmitry Mnushkin, President of Bermuda-based insurance and reinsurance software specialists, Treefrog Consulting. From a systems perspective, a startup has some unique challenges. While there’s tremendous opportunity to innovate ... Read the full article

Bigger focus on future of claims needed: Verisk’s Della Rocca

14th December 2020

With the re/insurance industry still reeling from the shock of COVID-19, data analytics provider Verisk Analytics says a focus on the future of claims is essential in order to adapt well to the pandemic. This is the view of Richard Della Rocca, President of ISO Claims Analytics, Verisk Analytics, who in ... Read the full article