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.
Carbon Underwriting forecasts £400m GWP from Syndicate 4747 & 5757 in 2025
13th September 2024
Carbon Underwriting, an independent managing general underwriter, estimates nearly £400 million in gross written premiums (GWP) under management in 2025 from its Syndicate 4747 and its newly launched Syndicate 5757. The launch of Syndicate 5757, the MGA’s vehicle for its strategic expansion into the US market, marked a significant milestone in ... Read the full article
PwC’s Jim Bichard stresses importance of net zero goals at 66th RVS
11th September 2024
Speaking in an interview at the Rendez-Vous de Septembre (RVS) in Monte Carlo, Jim Bichard, Global Insurance Leader, Partner, PwC, observed that while trading and renewals discussions are important, a longer-term view of the transition to net zero is needed. Commenting on the primary focus of PwC's conversations at this year's ... Read the full article
NewRe’s CEO optimistic on future growth, calls for reinsurance agreement transparency
11th September 2024
Despite experiencing a difficult year in 2023, NewRe's CEO Thomas Braune expects that the firm's growth from the past will continue. In addition to expressing confidence in the company's future, he emphasised the need for greater clarity and transparency in reinsurance agreements. Braune's comments stem from an interview with Reinsurance News ... Read the full article
Human expertise is vital for the success of any electronic placement platform: Ebix Europe
10th September 2024
At the beginning of the year, Ebix Europe, the London-based technology specialist, released its electronic placing solution, PlacingHub, which has attracted interest from major re/insurance brokers and carriers across the market. During an interview with Reinsurance News, James Pring, Sales Director, Ebix Europe, explained what steps the company are planning to ... Read the full article
Private equity plays a significant role in current M&A landscape: Howden’s Madea
10th September 2024
In a recent interview with Reinsurance News, Jarad Madea, CEO, Howden Capital Markets & Advisory, discussed what the underlying drivers of the hard market conditions are, and how they are currently impacting the insurance sector, as well as how organisations have responded to them. Madea stated that the hard market conditions ... Read the full article
Long-term partnerships and stability key for QBE Re: Jamie Cook
9th September 2024
Global reinsurer QBE Re is in growth mode, and as the firm pivots towards a longer-term view of the business and the client base continues to shift, deeper and more enduring relationships are paramount, according to Jamie Cook, Chief Partnership Officer. Around the annual meeting of the reinsurance industry in Monte ... Read the full article
Munich Re is ready to accommodate strong demand from Europe & LatAm: Clarisse Kopff
9th September 2024
Demand for reinsurance protection is strong in Europe and is expected to remain so in 2025, but it’s important that structural corrections achieved in the past two years are maintained, according to Clarisse Kopff, Member of the Board of Management at Munich Re. Kopff is responsible for European and Latin American ... Read the full article
Gen AI an exciting opportunity for re/insurers, though introspection is needed: Xceedance’s Clausner
9th September 2024
According to Isabelle Clausner, VP, client executive – EMEA at Xceedance, opportunities for re/insurers to enhance operations with GenAI are many and varied, and although it will take a lot of work and introspection to achieve individual aims, the quickest wins will be in deploying technology to gain efficiency. Speaking in ... Read the full article
Reinsurance capacity crunch threatens growth in financial risks sector, says Howden Re
5th September 2024
James Loggie, Managing Director of Howden Re Financial Risks, emphasises a critical need for growth in the reinsurance market to match rising demand. Despite the stability and strong performance of the financial risks sector post-pandemic, the reinsurance market faces urgent pressure to expand. In a recent interview with Reinsurance News around ... Read the full article
Growing need for MIS’ GEO amid rising nat cat losses: Forbes McKenzie
30th August 2024
With annual insured natural catastrophe losses consistently exceeding $100 billion, the demand for services like McKenzie Intelligence Services’ (MIS) Global Events Observer (GEO) platform is increasing, as it accelerates disaster relief and economic recovery. In an interview with Reinsurance News, Forbes McKenzie, Founder and CEO of MIS, explained how the firm ... Read the full article
SiriusPoint CEO hails another quarter of positive underwriting performance
8th August 2024
Bermuda-based re/insurer SiriusPoint recently posted its seventh consecutive quarter of positive underwriting results in Q2 2024, partly attributable to new managing general agent (MGA) partnerships and the expansion of existing ones, according to CEO Scott Egan. In an interview with Reinsurance News, Egan discussed the firm's results in both the second ... Read the full article
ESG and democratisation driving greater transparency in private market space: Napoli, Clearwater
7th August 2024
Net zero target initiatives are driving increased interest in ESG, which, combined with the democratisation of the private market space in general, is leading to broader transparency efforts in the private credit segment, according to Jon Napoli, Solutions Consultant, Clearwater Analytics. In an interview with Reinsurance News, Napoli discussed shifting market ... Read the full article
Hurricane Season Spurs Automation & Exposure Management Advancements in LatAm: Pro Global
31st July 2024
With the 2024 hurricane season in full effect, this time of the year is always interesting for the re/insurance industry due to the number of opportunities and challenges it poses for many different countries/regions. Reinsurance News recently spoke to Martin Smith, President of Pro Global, Latin America (LatAm) about some of ... Read the full article
Interest in Louisiana is rising after property reforms, and there’s more to come: Insurance Commissioner Temple
30th July 2024
The successful passage of a package of bills designed to reform Louisiana’s property insurance market is a key step towards restoring confidence in the state, and according to Insurance Commissioner Tim Temple, there’s more to come. It was announced in May that Governor Jeff Landry and the State Capitol had ... Read the full article
Carriers exposed to large enterprises most likely to face losses from IT outage: Parametrix CEO
24th July 2024
Insurance carriers that have greater exposure to large enterprises are more likely to face the brunt of the losses stemming from the CrowdStrike linked IT outage, says Parametrix Insurance CEO, Jonathan Hatzor. According to the organisation, the event is expected to withdraw an insured loss range of $540 million to ... Read the full article
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