This content is created by the brand
marketing unit of The Insurer with
our commercial partners SMALL

This content is created by the brand marketing unit of
The Insurer with our commercial partners

Viewpoint

Building financial resilience for pandemics

Widespread availability of pandemic insurance, through the industry’s private sector incentives and the federal government’s access to capital, would provide policyholders with long-term incentives to reduce their risks from contagious diseases, argues Daniel Kaniewski, managing director at Marsh & McLennan Companies.

Appeal: What to expect as the FCA test case heads to the Supreme Court

The September ruling in the Financial Conduct Authority (FCA)’s landmark test case will be examined in the UK’s highest court this week in a hearing set to have far-reaching consequences for both carriers and policyholders. With so much at stake and to make sense of the issues at hand, we speak to Bryan Cave Leighton Paisner LLP’s Jonathan Sacher and Richard Jennings about what the industry can expect from the Supreme Court…

Can cedants aggregate their Covid-19 losses arising from the first and second lockdowns?

Jonathan Sacher and Richard Jennings of Bryan Cave Leighton Paisner analyse some of the reinsurance implications of the second lockdown.

Carbon’s Card: 35% SIAB expense ratio a “challenge”

While significant strides have been made to encourage the reduction of soaring and unsustainable expense ratios at Lloyd’s for the market’s greater good, Stephen Card, CEO of Carbon Underwriting, admits that parts of this effort are a “challenge”.

E&S barriers to entry will limit impact from start-up capital: Iglesias

New capital formation targeting hard market opportunities in the P&C industry will face significant barriers to entry in the E&S sector and will not have a meaningful impact on dynamics, according to Allied World president and CEO Lou Iglesias.

Up next: hyper social inflation?

Social inflation in the time of Covid – Mia Finsness, managing executive, global casualty underwriting and claims at Markel, asks whether the pandemic is distracting casualty insurers from the bigger threat

Cyber underwriters avoid Covid exclusions even as ransomware concerns soar

At this time we have seen no evidence that insurers or reinsurers have added Covid-19 exclusions to Cyber policies, although they are asking clients more questions about business resilience and continuity planning relating to the pandemic amid an “enormous” rise in ransomware attacks, Guy Carpenter’s Siobhan O’Brien has told The Insurer.

Swiss Re’s Lohbeck: Early renewal requests telling of state of the market

Large industry losses, Covid-19 exclusions, prior year deterioration and some capacity withdrawals are all contributing to rate strengthening across most specialty lines as request for renewals come in early, according to Anne Lohbeck, head global specialty, property & specialty underwriting at Swiss Re.

Beazley’s Hartigan bullish on portfolio growth prospects

Beazley’s head of reinsurance Patrick Hartigan said the Lloyd’s blue-chip was looking to take advantage of positive rate momentum to “outperform” the wider market at 1.1 following years of “indifferent returns” from treaty reinsurance.

Swiss Re’s Baertschi: Secondary perils creeping up industry losses as climate change worsens

The industry should be wary of the increasing “frequency and severity” in secondary perils as the risks associated with climate change become more prevalent and cost (re)insurers more each year, warns Urs Baertschi, CEO of Reinsurance EMEA at Swiss Re.

The changing nature of risk

Guy Carpenter’s North America CEO, John Trace, regards the impact of black swan events, the necessity of product innovation, the ramifications of Covid-19 and the opportunites available for the industry to seize…

Leading from the front

Simon Hedley, president of Beach and CEO of Beach North America, an Acrisure Company, on how a blend of strong analytical and broking skills will help clients “find a way” during challenging times

Casualty upheaval places profitability in the spotlight at renewal: Guy Carpenter’s Ross

Changing dynamics in the casualty markets are causing reinsurers to place more scrutiny on portfolio profitability, according to Guy Carpenter managing director Chris Ross.

Bermuda’s relevance in global market grows as submissions soar

The Insurer caught up with Allied World’s Colm Singleton and Aon’s Joe Rego on the market prospects presented in Bermuda and how the industry is capitalising on these opportunities with innovation at its core

Rethinking war exclusions will help better manage cyber catastrophe risk

A new framework is needed to address catastrophic cyber risk more effectively than existing war exclusions, argues Jon Bateman

Ethnicity and mental health dominate D&I agenda

Ethnicity, family and care situations and mental health were the big themes at this year’s Dive In Festival and with over 21,000 people registering, it was a record-breaking year for the festival.

A round-up of #REinsuranceMonth

At The Insurer, we designated September as #REinsuranceMonth and became The ReInsurer to help fill the gap left by the cancellation of the Rendez-Vous de Septembre, the industry’s annual gathering in Monte Carlo.

Aspen Re’s Milner: Casualty business must be “viable”

With prior year deterioration coming through on casualty business, the pricing environment for the class is a major focus for Aspen Re’s Richard Milner during renewal season.

Covid and social inflation “accelerating” need to tighten T&Cs

Covid-19 and social inflation concerns have “accelerated” the need for reinsurers to tighten terms and conditions in liability and casualty lines, according to Christopher Donelan, CEO, Global Reinsurance, Sompo International.

Hard market drivers point to sustained reinsurance rate increases

The reinsurance market has “a long way to go” before it shifts from being in recovery to growth mode as carriers tackle increasing losses, worries over prior year reserves and the Covid-19 fallout, Axa XL’s reinsurance CEO Charles Cooper told The ReInsurer.

Region

Topics

Events & Conferences

Content Types