Interview

Hoffman: Aon cyber risk analyzer expected to drive placement outcomes, client wins

Aon’s new cyber risk analyzer will drive differentiated placement outcomes, give clients a deeper view of their cyber risk profile, and has the potential to drive new client wins, according to the broker’s Christian Hoffman.

Peak Re’s Cheng: Asia agriculture demand to keep rising as exposure grows

Asia is a leading provider of key crops such as rice and wheat but insurance availability across the continent is struggling to keep pace with rising exposures.

CEO Burrows: Fidelis accelerating profitable growth by “working harder”

Fidelis Insurance Group’s CEO Dan Burrows has touted his firm’s 25 percent third quarter written premium growth and high-80s combined ratio, and said the (re)insurer capitalises on profitable growth opportunities in dislocated markets by “working harder”.

Lockton’s Swift: Larger offshore projects testing the market

As the increasing commercial scale of offshore energy projects begins to test market capacity, the insurance sector must better recognise clients that traverse traditional power and marine silos in order to provide bespoke coverage, according to Lockton’s Jack Swift.

Swiss Re CorSo turnaround largely complete as it eyes ART and intl programs growth

Swiss Re Corporate Solutions’ turnaround is largely complete with the company positioned for growth across much of its portfolio and a particular emphasis on further expansion in the alternative risk transfer (ART) and international programs segments, CEO Ivan Gonzalez has told The Insurer.

Root’s Timm: Hitting profitability is vindicating, but “mission still isn’t done”

Root CEO Alex Timm said that reaching net income profitability is “validating” for the firm and the potential for other insurtechs but that the mentality inside the company is that “the mission still isn’t done”.

Egan: SiriusPoint starting to build record of sustained strong performance

SiriusPoint is beginning to build a record of sustained strong performance after delivering its eighth straight quarter of underwriting profits, with CEO Scott Egan optimistic that shareholders will ultimately reward the firm with a higher stock price.

Zywave’s Cohen: Better broker education will drive cyber premium growth

Zywave senior vice president Jeff Cohen has commented that the insurance software provider’s Cyber Quoting platform aims to address a significant gap in the industry: the need for better broker education to drive premium growth.

Radke: Accelerant closing in on $2.5bn in premium in ’24 as pace of program launches quickens

Accelerant CEO Jeff Radke said his firm launched 38 new programs on its platform in the second quarter and that its pace of new program launches is accelerating, as it closes in on $2.5bn in premium for 2024 and weighs a potential IPO.

BP Marsh doubles down on MGA opportunity despite rate moderation

Specialist UK insurance investor BP Marsh remains bullish on the opportunity afforded by start-up underwriting agencies with the London-listed firm dismissing concerns over the impact of moderating rates on its portfolio.

Smiddy: Old Republic E&S to grow “at a pretty good clip” in next couple of years

Craig Smiddy has highlighted Old Republic’s 21 percent E&S premium growth in Q3, with the carrier also on track for its tenth consecutive year of favourable loss reserve development despite the quarter’s lower commercial auto and workers’ comp releases and a $25mn financial indemnity charge.

Gallagher Re’s Spenner: Cedants seeking balanced approach to risk sharing at 1.1

Recent Atlantic hurricane activity and elevated European floods do not represent “shock losses” for the industry despite their devastating impact, according to Gallagher Re’s Dirk Spenner, who highlighted a demand from cedants for a more balanced approach to risk sharing at upcoming renewals.

Axa XL Re sets sights on growth in North America

Axa XL Reinsurance is looking to increase the amount of North American business it writes both through growing its existing book as well as adding new lines of business, with CEO Renaud Guidée having recently moved to New York to spearhead the expansion.

Ningen: Tech, underlying performance and risk sharing key issues for regionals/mutuals

US mutual and regional insurers continue to navigate a host of challenges including the need to modernize their operations with costly data and technology, while many are also attempting to manage mounting natural catastrophe losses that have eaten into their surpluses.

Hannover Re’s Freiboth: Property valuations and casualty loss trends in focus for renewals

Hannover Re’s managing director for North America Axel Freiboth has said there must still be a focus on scrutinizing property valuations in underlying portfolios as well as casualty loss trends as he touched on expectations for the upcoming 1 January renewal.

Scor’s Conoscente: Insurance industry must address under-pricing in property and casualty

Amid calls from brokers for reinsurers to provide lower-attaching property cat coverage and resistance to attempts to further cut ceding commissions on US casualty quota shares, Scor’s Jean-Paul Conoscente has said the industry must first address under-pricing at the primary level.

Munich Re’s Winter: Property reinsurance in the balance…

Marcus Winter, president and CEO of Munich Re US, on a property reinsurance market that looks to have found an equilibrium, while rate and reserving adequacy for the most recent US casualty treaty underwriting years is open to question…

WTW’s Carter: Don’t bury your head in the sand on a transition plan

WTW’s Peter Carter has called on firms not to “stick their head in the sand” or underestimate the full financial impact of the transition across customers and the supply chain.

Reinsurers must remove escalation clauses for certainty of cover: Howden’s Warne

Reinsurers must remove all forms of Middle East escalation clauses to provide certainty of cover and allow the primary market to confidently write business, according to Howden Re’s global head of terrorism and political violence, Sandy Warne.

B&W’s Danny Kaufman: Wholesaler has been growing 20% every month in 2024

Burns & Wilcox president Danny Kaufman said that the wholesaler has posted over 20 percent growth every month this year through August, with policy count rather than rate a major driver of the increase, as he also highlighted international expansion as a priority.

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