Moody’s RMS’ Biyikoglu: Siloed systems and complex integration detrimental to modelling capabilitiesModelling risk is challenging enough on its own, but siloed systems and complex integration pose additional technical challenges for clients, according to Cihan Biyikoglu, executive vice president of product at Moody’s RMS.
I detect no panic in the air but we have not reached an oasis of calm. Rather we are operating in a world that has settled on a plateau of manageable chaosPatrick Tiernan, chief of markets at Lloyd's
Aon’s Dittman: Reinsurer appetite up at 1.6 as FL rates increase 25-35% TVAon’s head of Florida strategy Chris Dittman has described the key 1.6 renewal in the Sunshine State as “orderly”, with reinsurer appetite up and rate increases landing between 25 and 35 percent.
Aon’s Van Slooten: Nat cat losses at $132bn and capital market volatility key concerns in latest ARA report
TVESGQBE’s Harris: 1.1 rate environment to persist with further price increases possibleQBE International CEO Jason Harris has forecast the reinsurance market dynamics experienced at 1.1 will continue as 2023 progresses, with the potential need for additional pricing increases to counter inflationary impacts.Thu 2 Mar 2023
TV Close QuarterLegacyGC’s Hochberg: More “mega” legacy deals in 2023 as hard P&C cycle drives demandThe legacy market will continue to grow in 2023 with more varied and larger portfolios being transferred to run-off counterparties as carriers look to optimise reserves and deploy capital in the hard P&C market, according to Guy Carpenter’s Ed Hochberg.Wed 22 Feb 2023
TV Leading VoicesRenewalsSome reinsurers went “too far” at 1.1: LSM’s HobbsLiberty Specialty Markets president and managing director Phil Hobbs said he would have “rather been a seller than a buyer” of reinsurance at the 1.1 renewal, which saw some reinsurers “go too far” and risk damaging relationships.Tue 21 Feb 2023
TV News in FocusM&AKAP’s Turner: Flexpoint Ford investment provides further fuel for M&AKeystone Agency Partners (KAP) has ample “dry powder” to maintain its M&A strategy with the fast-growing platform’s newly secured investment from Flexpoint Ford allowing the business to be as aggressive this year as it was in 2022, CEO Jeff Turner has told The Insurer TV.Tue 7 Feb 2023
