Reinsurance Month
Sompo Intl’s James: 1.1 renewal discussions shaping up to be “rational” and “sensible”
KBW’s Satkauskas: Munich Re remains standout stock among Europe’s Big Four reinsurers
GC’s Hochberg: Market “inflection point” driving need for more capital solutions
EY’s Santenac: Regulation is likely coming to the US for ESG
Moody’s RMS’ Rahnama: 2020-2030 nat cat losses to nudge ~$2trn
Scott Egan: Opportunity abounds to build on SiriusPoint’s “demonstrable” progress
IGI’s Jabsheh: Too soon to even consider property cat rate reductions
Scor’s Bartlett: Nat cat retreat validated by 2023 losses
Everest’s Izzo: Cedant demand driving fac market to new heights
Aon’s Moore: MGAs will continue to succeed in niche areas
Navigators’ Garrison: Carrier looking to take advantage of strong property conditions
Axis Wholesale doubles down on E&S sector and eyes lower mid-market growth
Climate change forces a review of how to profitably underwrite business: RPS’ Nadler
CRC’s Kessler: Data has enabled delivery of exclusive capacity to retail clients
OIP: Tech tailored for the E&S industry
RPS’ Manny Cho: Buyer’s market in ML/PL to continue for foreseeable future
Markel’s Noble: Complexity and volatility is where specialty carriers thrive
RT Specialty’s McCormack: No slowdown in E&S market momentum
Godhwani: BHSI benefits from Berkshire balance sheet and long-term view
News in Focus
Aon’s Zakhary: Gen AI will boost capital flow into the market
WDS CEO: Insurers need to take “dramatically different approach” to climate change
ABIR’s Huff confident Bermudians will “manage” corporate tax, welcoming consultation
NOAA’s Rosencrans: “It's like two titans going at it right now”
MS Amlin’s Turner: “We must solve Europe's wildfire protection gap”
Hiscox’s Carslake: Martyn’s Law expected to drive uptick in extensions for cover around terrorism
Sompo’s Totten calls into question occurrence trigger for PFAS
MS Re’s Goldie: Property cat market now less chaotic, but one push on pricing not enough
The Future’s here, the future is London
CyberAcuView’s Camillo reveals approved cyber war language
Leadenhall Capital’s Albertini: ILS market relishing “perfect” growth conditions
Building connections: Bronek Masojada on how he hopes to empower the local community in Sheriff’s role
Howden’s Simkin: Cyber attribution must not become obstacle in claims payments
Oliver Wyman’s Ellison: $100bn early target for industry Ukraine Development Fund
LMG launches inaugural Futures Academy
Close Quarter
Markel’s Castriotta: Cyber war incidents causing physical events top concern for industry
Aon’s Schultz: ILS has “broken through the ceiling” on cyber, but growth will be curtailed
Aon’s Schultz: Cat bond issuance to reach record high of $15bn in 2023
Russell Group’s Basi: Insurance must become more “tactical” in dealing with systemic risk
Newfront’s Lipkin: AI is a “once-in-a-generation opportunity” to reshape an industry
Moody’s RMS’ Biyikoglu: Siloed systems and complex integration detrimental to modelling capabilities
Aon’s Fiore and Superczynski: (Re)insurers must be flexible to attract capital
Aon’s Dittman: Reinsurer appetite up at 1.6 as FL rates increase 25-35%
Moody’s RMS’ Steel: Exclusions will be an “inhibitor” to cyber market growth
Markel’s Finsness: Casualty rates will stabilise once newer players “feel the pain too”
Aon’s Henderson: Cat models are the “language” of risk transfer
Acrisure’s Sutton: Long-term relationships are “forged” in a hard market
ASIC CEO Barder: Covid, PE and MGA momentum behind E&S growth
Aon’s Lambrou: Frustrated clients look to differentiate themselves in challenging cat market
Supercede’s Rose: Cedants in “firing line” for renewal season turmoil
Leading Voices
Helios’ CEO bullish on growth trajectory as Lloyd’s enjoys “its time in the sun”
WTW’s Swift: “Unpalatable” rates and conditions forcing some business out of the market
WTW’s Swift not ruling out reinsurance re-entry
RenRe’s O’Donnell: Early clear message at 1.1 helped preserve cedant relationships
O’Donnell: FL regulatory changes alone not enough to change RenRe appetite
Arch International CEO bullish carrier can “outpace pedestrian growth” amid dislocation opportunities
QBE confirms global cyber growth strategy amid “great time to be an underwriter”
Some reinsurers went “too far” at 1.1: LSM’s Hobbs
CEO Brad Irick puts TMK in “winners” corner
Beazley’s Cox: “What if” risk scenarios topping CEO concerns in volatile times
Beazley’s Cox: Industry hasn’t proved it can “successfully underwrite” for climate change
Markel bullish on construction business as US infrastructure bill drives growth - Noble
GC’s Priebe: 1.1 property pricing up 40-60% in N America, 25-35% in Europe/UK
GC’s Priebe: Reinsurers’ reluctance to provide quotes created “late and fragmented” renewal
Andrew Kendrick: London “always” needs independents to challenge the Marsh/Aon hegemony
Programmes
Aon’s Zakhary: Industry must seize “immeasurable opportunity” from energy transition
Risk Spotlight: How do you know your ESG initiatives are having an impact?
Risk Spotlight: One reinvented workplace, many new threats
Imagining the future of work
The Insurer TV panel: Cautiousness creeping into the casualty reinsurance market
The Insurer TV: Reinsurers’ resolve stiffened at mid-year after earlier disappointment
LSM’s Pedler: SAR data can enhance claims process
Axa Climate’s Dufetel: Tech-enabled parametric solutions key for complex flood risk
Panel discussion: On the front line of flood risk
Reputation: How do you protect a modern day asset in a complex world?
Climate change: the amplifier of all industry risks
CEO panel calls for focus on future climate impacts amid escalating nat cat losses
Risk Mitigation Leadership Forum Series
Key takeaways from RenRe’s latest Risk Mitigation Leadership Forum 2022
CISL’s Seega: Cross-industry collaboration “absolutely key” to solving puzzle of climate
RenRe’s Manson urges industry to accelerate collaboration with emergent carbon markets
RenRe’s Carr: Industry must create momentum behind climate sustainability or face a “tragedy on the horizon”
Aon’s Dudley urges industry against “complete exclusion” from fossil fuels