Reinsurance News
RVS 2024
MS Reinsurance CUO Goldie optimistic heading into 1.1, sees opportunities in ‘almost every area’
12th November 2024
As the autumn conference season concludes and the reinsurance industry shifts its focus to the January renewals, we spoke with MS Reinsurance’s Charlie Goldie, Chief Underwriting Officer, for his insights on the discussions at RVS in Monte Carlo and the Insurance Leadership Forum (ILF) hosted by the Council of Insurance ... Read the full article
Optimism high in re/insurance following record results, yet challenges persist: EY
30th September 2024
With the re/insurance industry returning to profitability and many firms achieving record results in 2024, there’s reason for optimism. However, key challenges like high inflation, climate change, and geopolitical instability persist, according to Isabelle Santenac, EY’s global insurance leader, and Rodney Bonnard, UK financial services market leader. Speaking with Reinsurance News ... Read the full article
RVS Roundtable: The market’s in a decent position, but it’s at that pivotal point
19th September 2024
Reinsurance News held its second Monte Carlo Roundtable at the 66th Rendez-Vous de Septembre last week, during which six experienced reinsurance industry executives debated a range of topics including property and casualty market conditions, structural changes, models, technology, cyber, and more. Sponsored by reinsurance broker BMS Re and professional services firm, ... Read the full article
Re/insurers are implementing improving tech tools to identify emerging future casualty cat perils: KBW
19th September 2024
Following meetings with executives at the recently held 2024 Rendez-Vous de Septembre (RVS) in Monte Carlo, KBW has reported that re/insurers are increasingly implementing steadily improving technological tools to identify emerging or future casualty catastrophe perils. Analysts noted that associated insured loss estimates remain very high. As an example, Praedicat, the casualty ... Read the full article
Growth could be challenged when current pricing momentum starts to moderate: Thompson, Gallagher Re
19th September 2024
Growth was a key topic for re/insurers at RVS 2024, Will Thompson, Global Head of Clients of Gallagher Re, commented, but this could be challenged when the current strong pricing momentum begins to moderate. Speaking with Reinsurance News at the annual meeting of the reinsurance industry in Monte Carlo, Thompson said: ... Read the full article
Rate is adequate in most lines we’re in, it’s too soon to backpedal: Dale Underwriting CEO
18th September 2024
Duncan Dale, founder and Chief Executive Officer (CEO) of Dale Underwriting Partners, told Reinsurance News that rating is adequate in most of the lines the specialist re/insurance provider operates in, with little room to go backwards as the carrier focuses on developing the right opportunities. Last week, we spoke with Dale ... Read the full article
Fac reinsurance ‘might be moving away from a hard market’, says UIB’s Barrington
18th September 2024
“It appears that the facultative reinsurance might be moving away from a hard market, but there are a number of global events that could happen between September and January which could heavily influence where the market is heading,” UIB CEO Shaun Barrington commented at RVS Monte Carlo 2024. With one of ... Read the full article
Reinsurers show steadfast discipline and modest adjustments: RBC Capital Markets
17th September 2024
RBC Capital Markets, the investment banking arm of Royal Bank of Canada, provides a comprehensive analysis of the Monte Carlo RVS 2024, highlighting that reinsurers are steadfastly maintaining their position in renewal negotiations. Following a period of underperformance leading up to 2023, reinsurers are working to rebuild their earnings. Despite a challenging ... Read the full article
One of the biggest problems we have as an industry is coverage: ConnectUW CEO
17th September 2024
There are numerous issues from the soft market era that have not been addressed in the current market, and until they’ve been properly attended to, the re/insurance industry is going to end up where it started, according to Group CEO and CUO of Connect Underwriting, Jamil Elbahou. ConnectUW is a specialist ... Read the full article
Reinsurers remain “positively disposed” towards most specialty lines: KBW
16th September 2024
Following meetings with executives at the recently held 2024 Rendez-Vous de Septembre (RVS) in Monte Carlo, analysts at KBW have reported that reinsurers remain positively disposed toward most specialty lines, which primarily reflects the rate adequacy achieved in the aftermath of Russia’s invasion of Ukraine. Analysts also noted that reinsurers remain ... Read the full article
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
Aon has been restructuring its risk business based on client need: President, Andersen
11th September 2024
Global insurance and reinsurance broking group Aon has been restructuring its risk business, based on what the firm has been seeing from client need, according to Eric Andersen, President of Aon. These comments stem from Andersen's speech at the Guernsey Finance reception held at the Monte Carlo Rendez-Vous event on Tuesday. During ... Read the full article
Discipline will help maintain market conditions with possible rate softening ahead: ReFlex CEO
11th September 2024
Discipline in the re/insurance market will be essential to enter a period of prosperity and a regular cycle with possible rate softening ahead, Neville Ching, CEO of ReFlex commented at Monte Carlo RVS 2024. Ching believes that the current market conditions can be sustained, as it seems that every sector is ... Read the full article
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