Aspen’s Cloutier warns SRCC risk will continue to escalateRisks related to strikes, riots and civil commotion are set to increase in light of growing political polarisation and economic inequality, according to Aspen’s Mark Cloutier.
Lloyd’s Turk doubles down on opportunity to build reinsurance market shareChief underwriting officer Rachel Turk has doubled down on the opportunity for Lloyd’s to reverse its loss of global market share in reinsurance, highlighting that a continued focus on performance management has handed syndicates the “legitimacy” to grow.
Aspen’s Cloutier warns SRCC risk will continue to escalateRisks related to strikes, riots and civil commotion are set to increase in light of growing political polarisation and economic inequality, according to Aspen’s Mark Cloutier.
Parametrics set to play more prominent role at 1.1 renewalsParametric covers are expected to play a more prominent role in the January 2025 reinsurance renewals, but panellists at The Insurer’s Pre-Monte Carlo Forum in London were in disagreement as to whether increased uptake represented a permanent shift or cyclical trend.
Cloutier: Reinsurers need to shift perception as “merchants of fear” ahead of 1.1Aspen’s Mark Cloutier has urged the reinsurance sector not to waste the opportunity of the upcoming industry congress in Monte Carlo on “those same damn conversations”, instead calling for greater efforts around culture and innovation.
Arch’s Rajeh warns casualty reserves are still insufficientArch Worldwide Reinsurance Group CEO Maamoun Rajeh warned that the industry is still not reserving sufficiently for casualty exposures as he addressed The Insurer’s Pre-Monte Carlo Forum in London on Wednesday.
David Howden warns reinsurers on irrelevance danger following the radical 2023-24 cat loss shiftHowden Group CEO and co-founder David Howden has warned the dramatic shift in cat loss burden away from global reinsurers to its clients which began in 2023 may result in the sector losing its relevance.
Ark’s Beaton calls on reinsurers not to abandon discipline because of “one good year”As reinsurers prepare to converge on Monte Carlo for the traditional curtain raiser to 1 January renewal negotiations, Ark CEO Ian Beaton has called on underwriters to maintain discipline in the face of pressure from brokers to push harder on pricing.