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.

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

Change is coming to the entire insurance sector: Krista Griggs, Fujitsu UK

24th August 2021

In a recent interview with Reinsurance News, Krista Griggs, Head of Financial Services and Insurance at Fujitsu UK, discussed the importance of data within the re/insurance sector against a backdrop of rapidly advancing technologies. While the prevalence of data has been something which has been in the underwriting of insurance policies ... Read the full article

“The relationship aspect of our business is timeless”: AM RE’s Dijak

9th August 2021

Dan Dijak, Head of Underwriting at AM RE Syndicate says that, amid challenging market conditions, the key to the company’s success is nurturing long-term, predictable relationships with clients. “We believe that the relationship aspect of our business is timeless,” Dijak told Reinsurance News during a recent interview that focused on finding ... Read the full article

Tackling 2021 exposures with a 2011 mindset is a recipe for disaster: EMC Re President

28th July 2021

Mondale Smith, President and COO at EMC Re, has stressed that reinsurers must pay close attention to how weather trends have altered in recent years, and has warned that “tackling 2021 exposures with a 2011 mindset is a recipe for disaster.” Speaking in an interview with Reinsurance News, Smith discussed how ... Read the full article

Discipline holding as market balance returns: Willis Re’s Vickers

7th July 2021

James Vickers, Chairman of Willis Re International, has said that “discipline is still there,” even as the latest edition of the broker’s 1st View Report shows that recent reinsurance price increases have brought the market close to equilibrium. Speaking in an interview with Reinsurance News, Vickers noted that the reinsurance market ... Read the full article

The goal is to create a single source of truth data environment, says Swiss Re’s Haycock

5th July 2021

As data quality challenges continue to hinder insurers and reinsurers, Swiss Re is looking to overcome some of the inefficiencies and develop a habitat in which valuable data is discoverable, accessible, and trusted. This is according to Swiss Re’s inaugural Chief Data Officer, Ian Haycock, who spoke with Reinsurance News recently ... Read the full article

No question you’ll see more life reinsurers in Bermuda: Brad Adderley, Appleby

2nd July 2021

While the emergence of property and casualty (P&C) startups in Bermuda is likely to be muted in the months ahead, the influx of life reinsurers is expected to continue and will only strengthen the Bermuda marketplace, according to Brad Adderley, Partner at global law firm Appleby. An expectation of significant rate ... Read the full article