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.
Clients should be getting consistent weekly contact: Inver Re’s Jonathan Prinn
12th September 2023
At the RVS 2023 Monte Carlo event, Reinsurance News spoke with Jonathan Prinn, Chief Executive Officer (CEO), London, Inver Re, where he explained that he believes that the company's clients should get a 365 day service where they are "consistently having weekly contact." He said: "From the client feedback that I ... Read the full article
Opportunity for Swiss Re to provide additional solutions in commercial & specialty: Higginbotham
11th September 2023
While rising losses from natural catastrophe events remains a significant challenge for the industry, Russell Higginbotham, Chief Executive Officer (CEO) of Swiss Re Reinsurance Solutions, sees interesting opportunities in both commercial and specialty insurance. Higginbotham spoke with Reinsurance News around the annual meeting of the reinsurance industry in Monte Carlo, to ... Read the full article
There is more capital in the market today and many are looking to deploy it: BMS Re’s Pete Chandler
8th September 2023
With the annual Rendez-Vous de Septembre (RVS) event in Monaco set to return shortly, Reinsurance News recently spoke to Pete Chandler, BMS Re's Chief Executive Officer, US, about what the firm expects to see at this year's event. He explained that he believes that we are seeing a "revitalization" of the ... Read the full article
Favourable reinsurance market conditions could persist into 2025: Everest’s Williamson
7th September 2023
On the back of an impressive year of rate taking and improving terms and conditions (T&Cs), global insurer and reinsurer Everest expects property market conditions to persist well into next year and potentially into 2025, according to Jim Williamson, EVP, Group Chief Operating Officer, and Head of Reinsurance. As the reinsurance ... Read the full article
Swiss Re happy with T&C evolution, expects hard market to sustain: CEO Mumenthaler
7th September 2023
Christian Mumenthaler, CEO of reinsurance giant Swiss Re, expects the hard market to sustain and is pleased with how terms and conditions (T&Cs) have evolved throughout 2023, and sees a huge need for reinsurers to become more profitable after a pretty difficult period for the industry. In ... Read the full article
Reinsurance sector well positioned to absorb high nat cat hit in H2: Gallagher Re’s Shea
6th September 2023
As the reinsurance sector's H1 underlying return on equity (ROE) surpassed the cost of capital for the second year running, Brian Shea, Global Head of Strategic & Financial Advisory, Gallagher Re, suggested the current strong financial position makes the industry more equipped to cope if H2 turns out to be ... Read the full article
We want to provide a digital solution in the micro small business space for our agents: NEXT’s Ramsey
29th August 2023
NEXT Insurance, an insurance provider for small businesses recently expanded its offerings for its clients with the launch of commercial umbrella/excess liability across 41 US states. The company has stated that it is confident that this highly requested offering will address the demand that they have seen from both ... Read the full article
The firms that are producing the best results are the ones that possess better data: HSCM’s Jones
21st August 2023
During a recent interview with Reinsurance News, Adrian Jones, Partner, HSCM Ventures, explained how one of the biggest issues that he hears across the industry is the quality of data reaching reinsurers and retrocessionaires. Data and technology are two fundamentals of re/insurance. The most successful brokers and insurers are the ones ... Read the full article
Capital still very guarded about entering property cat space: Inver Re’s Bonard
18th August 2023
Although small capital raises are happening in the reinsurance market, providers remain guarded about putting funds to work in the property catastrophe space, suggesting there’s more pain to come, according to Chris Bonard, CEO of Ardonagh’s Bermuda business operations including Inver Re. “The situation is getting worse, and could have a ... Read the full article
We’re pretty upbeat about the Bermuda market: Inver Re’s Chris Bonard
11th August 2023
Reinsurance broker Inver Re continues to grow its team in Bermuda, adding expertise in numerous areas as it looks to expand alongside its unwavering commitment to have best in class data and analytics, leading Chris Bonard, CEO of Bermuda, to be pretty bullish about life on the island. In May 2021, ... Read the full article
New US Flood Map provides “much needed” change in ability to understand flood risk: Fathom
9th August 2023
"For those in the business of assessing, taking on and managing risk, the data available via the US Flood Map provides a much needed and significant step change in the ability to understand flood risk in the US," suggests Dr Matthew Jones, Chief Product Officer at Fathom, a global leader ... Read the full article
AI adoption will help identify the winners in re/insurance: Xceedance CEO
4th August 2023
Artificial intelligence (AI) will disrupt how re/insurance organizations do business. The industry must embrace it as the technology will help deliver better, faster, more accurate, and cost-efficient outcomes, Xceedance CEO Arun Balakrishnan noted in a recent interview with Reinsurance News. “If people believe this is a choice, they are wrong because ... Read the full article
‘Bullseye effect’ amplifies storm impact in urban and suburban areas: Gallagher Re’s McConnell
18th July 2023
Increasing urban and suburban sprawl has resulted in a "bullseye effect," causing storms to impact a higher number of properties within a concentrated area, resulting in greater property damage and losses, Megan McConnell, Executive Vice President of Gallagher Re, told Reinsurance News in an interview. Reinsurance broker Gallagher Re points to ... Read the full article
Asia Pacific a region ripe for innovation, suggests Swiss Re CorSo’s Rake
6th July 2023
Jonathan Rake, CEO of APAC, Swiss Re Corporate Solutions, suggests that the region is wide open for innovation, as it is not bound by legacy challenges, with firms embracing the new digital age. Rake's comments stem from an interview with Reinsurance News, in which he noted that Swiss Re Corporate Solutions ... Read the full article
Significant flood protection gap needs “urgent attention”: FloodFlash’s Bartholomew
4th July 2023
With the world dealing with the ongoing effects of global warming and urbanization, this has led to natural catastrophes such as floods to become increasingly more common. However, despite this, studies suggest that only 20% of the world’s $70 billion annual flood losses are insured, which FloodFlash’s Chief Underwriting Officer ... Read the full article