Viewpoints
Will this ‘circuit breaker’ market win back capital?
The perfect storm of 2022 has nourished the green shoots of investor optimism in 2023
Tipping towards disaster
In this ever-more destabilised world, the post-Cold War rules no longer apply, explains Dragonfly’s Henry Wilkinson
All in this together
Guy Carpenter’s Julian Enoizi speaks to GR about the critical role of public/private partnerships in achieving greater societal resilience
Monitoring catastrophe events from space
Rafal Modrzewski, CEO and co-founder of ICEYE, explains how advances in data are opening up new industry possibilities
Rise of the underdog
David Howden has long had ambitions to be a top player in reinsurance broking, and he is finally in a position to take on the ‘Big Three’
Ukraine: A ‘Matrix moment’ for climate change
The choices governments make in response to the Ukraine conflict might either accelerate or delay the global transition to net-zero emissions
Lessons from the Ituango Dam
Colombia’s Ituango Hydroelectric Project highlights the risks and opportunities for reinsurers in Latin America
Are you ready for the SEC climate rules?
Publicly-listed firms will be compelled to report on third party climate risks as well as their own
Insuring the transition to net zero
Why insurers have a critical role to play in the shift away from fossil fuels
Biodiversity risk to become material by 2024
Corporates have just two years to improve due diligence around biodiversity throughout their value chains - report
Boardrooms yet to fully grasp ESG risk - Marsh
Less than one-third of the FTSE100 sample showed evidence of standalone reporting on climate change risk in line with TCFD
ESG is not a fad but an urgent business priority, says IoD
Organisations must identify the risks and opportunities that relate to environmental, social and governance considerations, directors urged
Standard risk management failing to address systemic threats
Joined-up thinking across government and academia is needed to deal with complex environmental risks, finds study
Europe enters 2022 in weakened political state
A resurgence of anti-establishment sentiment and agitation in Europe is likely, amid uneven national recoveries from the pandemic - Dragonfly
Omicron variant hits business sentiment
Half of the respondents report that their business is currently being affected by the supply-chain crisis - Oxford Economics
Should insurers lead the climate march?
If the politicians won’t go to battle against climate change, maybe insurers have the power to drive behavioural change
Cyber: Time for zero trust
The corporate world’s approach to cyber security is undergoing a complete rethink, explains ethical hacker Rik Ferguson
The great geopolitical repositioning
In 2022, the world will start to spin differently thanks to a new global geopolitical order
Gaps remain in SME risk management
UK firms continue to worry about Brexit and identify COVID-19 or a new pandemic as top critical external risk, finds Marsh
Swiss Re: World insurance market set to exceed USD 7 trillion in premiums for the first time
Swiss Re Institute’s latest sigma study forecasts the global insurance industry to reach a new record in global premiums by mid-2022, exceeding USD 7 trillion.
The cost of a sustainable supply chain
How sustainability initiatives within the full lifecycle of goods and services benefits the bottom line and enhances reputations
China – a cyber powerhouse?
It is clear that China has stepped up its cyber espionage capabilities, but what is its aim?
Lessons in compliance from the Pandora Papers leak
The latest leak has opened up a “Pandora’s Box” of issues. How should compliance teams respond?
Global floods events lead 2021 nat cat tally
Extreme floods in Western Europe in mid-July have generated claims currently estimated at $11 billion
Climate-crisis in an era of comply or explain
With unstoppable momentum towards zero carbon, how can risk professionals identify key risks and opportunities?
Capacity and cost an issue amid COVID-19 – IUA
Despite this, the IUA’s chairman says capital coming into the commercial insurance market is a ‘healthy sign’
COVID-crisis improves senior management engagement
The COVID-19 pandemic changed the perception of organisational resilience at top management level - BCI
2021 on target for economic growth of 6.2% - Atradius
Pace of recovery is “generally surprising” among advanced markets, but new COVID variants pose a threat
Future proofing airports
There are clear risks and opportunities as airports repurpose for a post-COVID world
Severe weather events drive global insured catastrophe losses of USD 42 billion in first half of 2021
A deep winter freeze, hailstorms and wildfires contributed to natural catastrophe losses of USD 40 billion in the first half of 2021, according to Swiss Re Institute’s preliminary sigma estimates.
The Big Question September 2021: How can the insurance industry best marry technology and a human touch?
Automation in the insurance sector is booming as many businesses continue to invest in digitalisation. Insurance Times asks how the industry can effectively combine technology and a human touch
Incoming Hiscox chief executive Aki Hussain sees ‘opportunities everywhere’
Despite handing over the reins, Masojada confirms he won’t be completely exiting the insurance market come January 2022
COVID continues to fuel political unrest - Aon
Extremists and activists from across the spectrum are evolving their narratives, finds 2021 Risk Map
AGCS: Bigger ships, bigger exposures
Suez Canal incident shows ever-increasing vessel sizes exacerbates marine and supply chain risks
Aborted Aon WTW deal a “victory for competition”
Insurance buyers stand to benefit from greater choice as regulators lose appetite for monopolistic tie-ups - Brokerslink
FERMA: Floods are a “wake-up call” ahead of COP26
Insured losses of €4 billion to €5 billion are expected for North Rhine-Westphalia and Rhineland-Palatinate
Wildfire costs grow for solar sector
Insufficient fire risk management and record high temperatures will increase the likelihood of fires spreading out of control
Insurers must meet buyers’ changing needs
Only 54% of insurance buyers say their cover is addressing their business challenges very well, finds Beazley
Allianz: Piloting post-COVID aviation trends
New generation aircraft bring benefits but higher repair costs while airlines prepare for a paradigm shift in traveling - Allianz
Global cyber insurance pricing increases by 32% – Howden
International insurance broker Howden released a new report yesterday (5 July 2021) which revealed that cyber insurance pricing has increased by an average of 32% year-on-year in June 2021.
Cyber fears for critical infrastructure
Attacks against Florida’s water treatment facility and Colonial Pipeline highlighted a disruptive threat - survey
Cyber insurance struggling to counter online threat
Cyber insurance has failed to live up to expectations that it may act as a tool for improving organisations’ cyber security practices, finds RUSI
COVID fuels further SRCC restrictions
SRCC insurance provides cover for loss or damages caused by riots, protests, strikes or other work-related unrest
Lessons from the vaccine supply chain
How risk managers can learn vital lessons in resilience from the global vaccine effort
Lessons in risk from the Suez crisis
Suez, COVID and Brexit have challenged assumptions about the complex supply chain risks modern corporates must contend with
Emerging risks and the “COVID effect”
Government support programmes have kept alive unviable zombie companies, while wealth inequality has broadened, finds Swiss Re SONAR
Denmark, Norway most resilient nations - FM Global
Climate risk is an increasingly important factor for companies and leaders making strategic decisions
Sedgwick predicts post-pandemic recall surge
Product recall events are on the rise despite ongoing operational challenges experienced by global car and OEMs
Organisations failing to anticipate and model key emerging risks: Marsh Report
The findings suggest a significant perception gap with firms’ risk management functions prioritizing short-term threats over those that are high severity but lower frequency.
What will it take for the ILS market to assume more political violence risk?
Almost a year ago, what would eventually become known as the ‘George Floyd’ riots began – an event that would eventually cost the global insurance industry more than US$2 billion.
Vaccine passports and privacy pitfalls
The data in ‘vaccine passports’ is the most sensitive information many firms will have ever managed
Global commercial insurance Pricing up 22% in Q4 - Marsh
Although the global index increased 22%, the index shows that price increases may be starting to plateau for some lines of insurance in certain geographies.
Natural disasters cause $210 billion in damage in 2020 - Munich Re
Overall, the uninsured portion of natural disaster losses in 2020 was around 60%
Rate movements moderated by availability of capacity - Guy Carpenter
Price increases at the January 1, 2021 reinsurance renewals were moderated compared to initial expectations by abundant capital levels and an increased willingness on the part of reinsurers to deploy capacity in several sectors, according to Guy Carpenter.
Managing the macro headwinds ahead
2020 will be remembered by almost everyone for one reason: COVID-19 - Commentry
Aon Report highlights a path toward “The New Better” in wake of COVID-19 Pandemic
Aon has published a global report, ”Helping organisations Chart a Course to the New Better,” which presents research, regional findings and trends on how organisations have responded to the novel coronavirus (COVID-19) pandemic to date and are adapting to prepare for other emerging long-tail risks.
Coal is increasingly uninsurable in 2020, but industry fails to act on oil and gas
U.S. and Asian insurers, along with Lloyd’s market, fail to act
SCOR: Why Cat Bonds remain attractive, despite the high number of natural catastrophes
The 2020 Atlantic hurricane season is coming to an end. With 28 named storms, 12 of which developed into hurricane status, 2020 is now tied with 2005 for the highest number of storms in a single season.
Lloyd’s report highlights reputation as one of the most valuable intangible assets to global businesses
Lloyd’s, the world’s leading specialist insurance and reinsurance market, today published a new report in collaboration with KPMG, which looks at the role of the global (re)insurance industry in providing risk transfer solutions and adapting to the increasingly complex reputational risk landscape.
Latest report reimagines the London insurance market
The London Market Group (LMG) and Willis Towers Watson today published its latest report reflecting on the lessons learnt from lockdown, what has worked or not and how the market can drive positive change and improve performance in the post pandemic world.
After big tests, ILS market shows resilience
Willis Towers Watson: 2020 Global Insurance-Linked Securities Market Survey Report
Allianz: How Covid-19 is changing claims trends and risk exposures for companies and their insurers
The Covid-19 pandemic is one of the largest economic loss events in history for companies and insurers alike. However, it’s not only the magnitude of the impact which is unprecedented. Claims trends and risk exposures are likely to evolve in both the mid- and long-term as a result of the ...
Munich Re: Pandemics, climate change, cyber: Major risks of our time – Better preparation needed
”The coronavirus pandemic needs to be a lesson to us all: We must take action more rapidly and vigorously to ensure that we are not as unprepared as we were with COVID-19 for risks such as cyber attacks or climate change. It is possible to better safeguard against the financial ...
SCOR is well positioned to capture profitable growth opportunities from the new supportive market environment
At its annual Investor Day, SCOR’s Executive Management team, led by Denis Kessler, presents an overview of the first year of the “Quantum Leap” strategic plan. SCOR has three key positive messages for its Investor Day.
Aon Survey Highlights Steps Companies are Taking to Accelerate Workforce Agility and Resilience
Key findings include HR professionals observing a strong link between diversity and inclusion and developing agile workforces
Reinsurance price increases have been ‘timid’ so far, says Swiss Re CUO
Reinsurance price increases seen so far have been “timid,” according to Thierry Léger, group chief underwriting officer at Swiss Re AG.
Swiss Re sees positive outlook for renewals, further market hardening expected
Following rate improvements in many markets, and particularly in loss-affected segments, Swiss Re expects further rate hardening across all lines of business. At the same time, the reliance on underwriting profits increases in the low interest rate environment. Swiss Re also expects more opportunities for re/insurers due to a combination ...
Briefing: Insurers need to prepare for the economic and social fallout from Covid-19
The coronavirus pandemic has created a new world for insurers to operate in, and it is one that is made up of new and increased risks. Insurers will need to adapt to this new risk landscape if they are going to thrive in the new normal By insights editor Matt ...
Fitch: Asian Reinsurers Repositioning amid Catastrophe Losses and Pandemic
Insurers and reinsurers in Asia are likely to put renewed emphasis on ensuring the adequacy and appropriateness of their existing (re)insurance protection, following significant catastrophe losses in 2019 and 1H20 and in expectation of the tougher times following the coronavirus pandemic, Fitch Ratings says in a new report.
Guy Carpenter Report: Which Types of Carriers and Reinsurance Coverages are Most Impacted by COVID-19?
As the COVID-19 situation is changing on a daily basis, the impact to the insurance and reinsurance markets is not yet fully known.
Blueprint One: a fundamental rewiring
Blueprint One has worthy aspirations and might do better than previous failed attempts to cut costs through technology at Lloyd’s, according to Bart Patrick, managing director for Europe at Duck Creek Technologies
Q&A with Munich Re’s Farny: contrasting Asian insurtech with Europe
Tobias Farny is Munich Re’s chief executive for the Asia Pacific markets of China, Hong Kong, Taiwan, Australia and New Zealand
Munich Re’s Eckl: Japan, Korea, India driving Asia’s cyber market
New rules in South Korea mandated third-party cyber cover for SMEs, while Japan and India are also big buyers
Pointless continuing reinsurance relationships on bad terms – PartnerRe’s Beedle
Pricing inadequacy means saying no to some business, stresses PartnerRe’s Asia Pacific CEO
Q&A with TMK: Cyber risk does not recognise borders
There has never been a better time to buy cyber insurance. Despite this, there is still a concerning lack of take-up among Asia’s insurance buyers, according to Alex Jomaa (pictured), cyber underwriter at Tokio Marine Kiln
Al Zain’s mission to rebuild Trust Re
Transparency for investors and clients together with “institutionalising” corporate governance, are at the centre of Trust Re’s new chief executive’s plan to return the reinsurer to a growth trajectory
Hong Kong situation highlights competing regional hubs
Tony Gallagher, reinsurance broker Guy Carpenter’s CEO of Asia Pacific answers GR’s questions, as the region’s reinsurance players meet for the annual SIRC rendezvous in Singapore
New Dawn Risk focusing on fac to treaty transformation
Smaller Asian insurers have had limited provision under reinsurance treaties to write professional lines business, relying on fac placements, something broker New Dawn Risk is trying to change
Aon: Developing the Asian modelling landscape
Catastrophe risk poses one of the big challenges for Asia Pacific’s economies. Modelling solutions need to keep up with the reinsurance market’s developing exposures, Brad Weir, Head of Analytics for Asia at Aon’s Reinsurance Solutions business tells GR.
Winds of change: 16th SIRC welcomes delegates with 2019 theme
Q&A with Marc Haushofer, SRA chairman and honorary advisor to the organising committee for the 16th Singapore International Reinsurance Conference (SIRC)
AXA XL: Addressing emerging Asia’s protection needs
Q&A with Peter Schmidt, chief executive, MEA, APAC, LATAM, Credit & Surety, AXA XL Reinsurance, a division of AXA
GIC Re: Pricing has not matched growth
Q&A with GIC Re General Manager Satyajit Tripathy, who explains that even after significant loss events Asian prices have barely budged
Aon: Matchmaking for life
Asia’s life and health (L&H) reinsurance market is changing, with fresh entrants and a change of products being sold on the primary side, according to Pierre Vende, Head of Accident, Health and Life, Aon Reinsurance Solutions.
Climate risk: new PRA requirements come into force
New requirements to enhance insurers’ approaches to managing the financial risks from climate change came into effect on 15 October from the UK’s Prudential Regulation Authority
Use it or risk losing its benefits, warns FAIR president Albaharna
It was announced at this year’s FAIR conference event that the next FAIR event takes place in the UAE in 2021
Quick Q&A with Trust Re COO Tabaja
Trust Re’s group chief operating officer Kamal Tabaja took a moment to answer GR’s questions during this week’s FAIR 2019 event for Afro-Asian re/insurance markets in Marrakech
Quick Q&A with Africa Re CEO Corneille Karekezi
Africa Re’s CEO Corneille Karekezi answers GR’s questions on Chinese investment in Africa, improving reinsurance pricing and problems faced by some regional reinsurers
FAIR: Rates firming as regional reinsurers provide less capacity - AM Best
Regional reinsurers in trouble means less local capacity available, helping to firm up reinsurance pricing in African and Middle Eastern markets
Yassir Albaharna: Q&A with FAIR’s president
FAIR president Yassir Albaharna talks to GR ahead of this year’s conference in Marrakesh
Fitch Ratings Global Reinsurance Guide 2020
Fitch Ratings has released its Global Reinsurance Guide 2020.
Dorian provides the pre-Monte suspense for 2019
Hurricane Dorian provides this year’s pre-Monte Carlo jitters as re/insurance execs pack their bags for 2019’s Rendez-Vous de Septembre
Q&A: Opportunities in Africa – closing the protection gap
Africa is a $67bn insurance market but still lacks re/insurance penetration relative to the continent’s vast risk transfer potential. Q&A in association with Afro-Asian Insurance Services, speaking with the broker’s managing director, Udai Patel
Mortgage reinsurance: Q&A with Capsicum’s Rance
Steven Rance, managing partner of mortgage indemnity reinsurance at Capsicum Re, explains to GR why he feels mortgage risk transfer will continue to deliver attractive margins for reinsurers
US casualty picture “not as simple as the Monte discussions suggested”
Aon’s Amanda Nguyen talks US casualty business, suggesting while some reinsurers are lightening their exposure, for others it still represents a good diversifier for catastrophe risk-heavy books
Has the Future at Lloyd’s prospectus gone far enough for MGAs?
Charles Rowley, director, DA Strategy says promising ideas to cultivate innovative solutions at Lloyd’s have been identified in the manifesto, but asks why was one of the fastest growing segments not referred to more directly.
Opinion: TMR result puts new shine on RenRe deal
When RenaissanceRe paid 1.02x tangible book value for Tokio Millennium, it seemed it might be due to poor performance at TMR, but the reinsurer’s final set of results might change that perception
How do I know if this is the next Lemonade… or just a lemon?
Issues re/insurers should consider for insurance technology ventures, writes Drinker Biddle & Reath partner Andrea Best
Greenlight diversifying amid Lloyd’s specialty scramble – CEO interview
Last year’s performance review by Lloyd’s has led to opportunities in aviation, marine and energy business, Greenlight Re’s CEO, Simon Burton, tells GR
Nimble and niche – Q&A with a cyber market MGA
Ari Chatterjee is chief underwriting officer for Envelop Risk, a start-up MGA in Bermuda, using machine learning tools to price cyber risks, with underwriting capacity supplied by MS Amlin
Innovation in Middle East markets – a little less conversation, a little more action
Insurers in Middle East markets talk about launching new products, but not enough innovation follows, JLT Re’s Russell Walters told GR
Collaborating on blockchain - R3 Corda
Ryan Rugg, global head of insurance for blockchain platform R3 Corda, has experience working with re/insurance sector stakeholders on blockchain projects such as Insurwave
Slipcase: Learning lessons for global expansion
Alex Hearn, founder of Slipcase, discusses global expansion plans and lessons learned running the insurance online media aggregator
Intelligent tech transforms insurance operations
Re/insurance is in the throes of a technology revolution. By Justin Davies
Q&A with Jayne Plunkett: Swiss Re’s new Silk Road
Jayne Plunkett, chief executive of reinsurance Asia at Swiss Re, tells Global Reinsurance about the reinsurer’s plans for the region
Better data: the future is here - Catex
As a software company that has three core products; Pivot Point for Brokers and MGAs; Data Vera for Binders; and Data Vera for Exposure Management, we always ask clients if they have data challenges
Beazley: How demand for cyber BI is shaping the market in Asia
Nicholas Tey, financial lines regional manager for Asia at Beazley, explains why there is a growing focus on cyber business interruption as a driver of loss for Asian businesses and how international data protection regulation is shaping the threat environment
Aon: How flood models will help make markets
Dr Petr Puncochar from Aon’s Impact Forecasting team considers how improving data and analytics tools can help to close the flood protection gap and build a more resilient future
Aon: modelling a new peak zone
GR in association with Aon talked to Himavant Mulugu, flood model developer and associate director, Impact Forecasting, about the legacy of the 2011 Thai floods and what advances have been made since that time to improve the understanding of flood exposures in Thailand and the wider region.
How long until a Chinese broker is in the global top ten?
Steve Hearn, CEO of Ed, spoke to GR about Chinese investment, broker consolidation, and growth prospects in Asia
Hitting the ground running: Beazley Asia Pacific's CEO, Lucien Mounier
Interview with Lucien Mounier, CEO, Beazley Asia Pacific
Reinsurer ROE near cost of capital
Sponsored: Aon’s Reinsurance Solutions business has completed its study of reinsurers’ financial performance in the first half of 2018. Head of Market Analysis Mike Van Slooten tells David Benyon that alternative capital approached the $100bn mark at the half-year stage, while traditional reinsurers are battling to cover their cost of ...
How cyber modelling can help underwriters make accurate decisions
Sponsored: Swiss Re’s Eric Durand discusses how underwriting trends and cyber modelling/data analytics from reinsurers can help underwriters make more accurate decisions
GR Innovation & Insurtech Bermuda: Global leader in AI to open upcoming insurtech event
With less than a month to go until Global Reinsurance’s Innovation & Insurtech event in Bermuda, we caught up with our keynote, Rob High, chief technology officer at IBM Watson, to discuss the future of AI and what it could mean for the industry
Coming full circle: Why insurers are turning to real estate investing
Sponsored: Aon’s Gerard-Jan van Berckel unpicks some of the reasons behind re/insurers’ growing appetites for real estate investments
The top cyber risks for insurers
Sponsored: Swiss Re’s Maya Bundt discusses the biggest cyber risks for insurers and whether the solutions from reinsurers are adequate for today’s fast-evolving cyber landscape
Can insurtech revolutionise the re/insurance sector?
By Adrian Morgan, executive vice-president and head of AdvantageGo at NIIT Technologies
GIC Re: Committed to the market
Q&A with GIC Re’s General Manager, Devesh Srivastava. In association with GIC Re
TigerRisk: Insurers of the Future - What They Have in Common
TigerRisk’s head of EMEA lists attributes of outperforming companies. By Marc Beckers, in association with TigerRisk
Why surprise can move a market
Unmodelled events – or even part-modelled events – have the potential to affect both reinsurance and retrocession markets in ways that are hard to predict, writes Eric Sugier, Head of Property, Liberty Mutual Re
We’re in a new market cycle - Flandro
While alternative capital continues to grow, JLT Re’s global analytics head thinks that some previous predictions of it taking 40% or more the catastrophe risk market by now were overblown
Liberty Mutual Re: One global business
Liberty Mutual Re’s president Dieter Winkel speaks about the newly formed reinsurer from Liberty Mutual designed to operate as a single reinsurance business globally.
The age of innovation and the rise of insurtech
Insurtech is the trend of the future. So how will it transform the re/insurance industry? In association with the Dubai International Financial Centre
Consulting editor's comment: Monte Carlo or Bust
Hoping for a year of low catastrophe claims, or for a market-changing storm, misses the point, writes GR’s consulting editor, David Benyon
Opinion: An SOS for insurance operations
Xceedance chief executive Arun Balakrishnan offers his view on the evolution of business process outsourcing
Q&A: Lynsey Cross, AmTrust International COO, on breaking norms
On International Women’s Day, we speak to AmTrust International chief operating officer and chair of the ILL’s Diversity and Inclusion Committee Lynsey Cross about affecting positive change from the top down
Q&A: Aon Benfield's Eric Andersen on a joined up approach
Ahead of his DWIC 2018 ‘Global View’ keynote, the Aon Benfield chief executive speaks to Global Reinsurance about seizing opportunities in the market
Buzz round: Dubai World Insurance Congress 2018 speaker Arif Amiri
The DIFC Authority chief executive officer, speaker at this year’s Dubai World Insurance Congress (DWIC) 2018 event, talks innovation and insurtech in the MENA region
Buzz round: Dubai World Insurance Congress 2018 speaker Vincent Vandendael
Vincent Vandendael talks about how Lloyd’s marries the traditional with the morden, and outlines the opportunity for the emerging market to carry the innovation torch
ASEAN still a region of choice for international players – Jonathan Moss
The burgeoning region plans progressive moves in 2018 to continue attracting foreign firms, according to the DWF partner
London’s ILS hub ambitions hampered by speedy competitors - Jeremy Irving
Have the UK authorities done enough to ward off established, outward-looking, fleet-footed and adaptable competitors? DWF’s Jeremy Irving gives Global Reinsurance his view
Markerstudy faces future as powerhouse MGA – Humphreys
Specialist motor insurer reshapes itself for the future after selling its Gibraltar insurance operations to Qatar Re, Markerstudy’s Gary Humphreys tells Insurance Times in an exclusive interview
Q&A: RemitRadar's Emil Griston on the emerging customer
Griston talks to Global Reinsurance about getting into the psychology of groups of people who avoid using insurance
Interview: Steve Hearn & Kieran Angelini-Hurll, Ed
Steve Hearn and Kieran Angelini-Hurll explain that it’s more than a rebrand – they tell Global Reinsurance how solidifying the broker’s culture has set it on the right path for the future
Q&A: Jean-Jacques Henchoz, A bespoke approach
Despite recent political unease, Swiss Re CEO reinsurance for EMEA explains that Europe remains a source of opportunity – when you put the customer first
Q&A: Farid Chedid, survival of the fittest
In a region held back by wars, zero growth and strained diplomatic relations, Farid Chedid says it’s vital that companies show resilience
Guy Carpenter's James Nash
Guy Carpenter’s James Nash discusses his firm’s reorganisation, the uptick in reinsurance purchasing and why insurers are playing catch-up
Hamilton Re's Kathleen Reardon
The Hamilton boss thinks insurance needs to catch up to stay relevant
(Re)insurers should intensify R&D to stay relevant, says Stephan Ruoff
For Monte Carlo RVS 2017, we ask Tokio Millennium Re chief executive Stephan Ruoff what is on the horizon for the (re)insurance industry in 2017 and beyond
Willis Re’s Andrew Newman, Mark Hvidsten and Andrew Johnston
Change is inevitable – and brokers are thought to be at the sharp end of it. But is this perception accurate? We ask three senior executives at Willis Re about the need to innovate and the challenges posed by insurtech
Buzz round: Dubai Innovation & InsurTech 2017 speaker Francoise Lamotte
MetLife’s Francoise Lamotte, speaker at our upcoming Dubai Innovation & InsurTech 2017 event, talks smart partnerships and customer centricity
Buzz round: Dubai Innovation & InsurTech 2017 speaker Nektarios Liolios
Nektarios Liolios, speaker at our upcoming Dubai Innovation & InsurTech 2017 event, talks insurtech and the cultural shift in (re)insurance
Q&A: Thomas Lillelund, on being Aspen Re chief executive
The new Aspen Re CEO speaks with Global Reinsurance about making a big splash in a crowded marketplace
Buzz round: Dubai Innovation & InsurTech 2017 speaker Nameer Khan
Nameer Khan, speaker at our upcoming Dubai Innovation & InsurTech 2017 event, talks regtech and agile emerging markets
Q&A: Markel's Matt Cannock talks Lloyd's India and Asian regulators
Markel International Singapore’s principal officer speaks with Global Reinsurance about a move to the Lloyd’s India platform and opportunities in Asia
Q&A: Ryan Mather, How we will continue to innovate
The merger with Argo gives Ariel Re even more opportunities to engage with new risk and innovation; Global Reinsurance Ryan Mather speaks about the road ahead
Dame Inga Beale: A measured approach
Inga Beale explains how Lloyd’s is researching the best steps for the industry to maintain relevance
DWIC: Insights - Andrew Brown-Allan, marketing director Trak Global
When disruptors use their tools to provide solutions
DWIC: Insights - Salmaan Jaffery, chief business development officer DIFC
Jaffery speaks to Global Reinsurance about innovation in the Middle East
Dennis Mahoney: (re)insurance revitalised
The RFIB chief executive speaks to Global Reinsurance about his confidence in the industry and its ability to embrace innovation in 2017 and beyond
Moses Ojeisekhoba: Leading with best practice
Agriculture and underinsurance are just a few topics Swiss Re CEO Reinsurance discussed with Global Reinsurance
[Re]flections: Robert Hayne
From his teenage years at M&G to his greatest achievement in Libya, UIB’s now-retired head of treaty talks about his career
Christian Mumenthaler: Looking to the future ahead
Leadership, emerging markets and the impact of new technologies in the industry, some of the topics the Swiss Re man discussed with GR
At the forefront of disruption
Ahead of this year´s RVS, Willis Re gobal chief executive John Cavanagh talked to Global Reinsurance about the WTW merger, disruption and the need to be proactive
Isaac Anthony: “CCRIF has been highlighted as a viable template for replication”
Global Reinsurance talked to Caribbean Catastrophe Risk Insurance Facility chief executive Isaac Anthony
“Timing remains the biggest challenge in Latin America”
James Grieve, SCOR senior vice president and chief underwriting officer for Latin America and the Caribbean, talks to Global Reinsurance about the challenges and opportunities in the region
Q&A: Boston Consulting Group managing director Christian Reber
During Multaqa, BCG partner and managing director Christian Reber sat down with Global Reinsurance to discuss the evolution of the (re)insurance industry in the MENA region
Q&A: Alice Vaidyan – India’s bright future
Alice Vaidyan, the first female chairman and managing director of the GIC Re talks to Global Reinsurance about the role of India in the region, the local market and its expansion plans
Chris Pleasant: "You have to pick your targets carefully"
The reinsurance broker head talks about the opportunities that are available for international firms willing to stick by the Middle East
Emy Donavan: “Directors are now understanding what the cyber risks are”
Allianz, AGCS specialist Emy Donavan highlights executive and employee education as key to prevent major damage
Q&A: GAIF secretary general Abdel Khaleq Raouf Khalil
With this year’s General Arab Insurance Federation (GAIF) on the horizon, Global Reinsurance and StrategicRisk publisher Jack Grocott speaks with the GAIF secretary general about the hot topics of the day for the MENA region - big data, political instability, and the move towards a more unified Arab nations
Multaqa 2016: Anna Maria D’hulster, Geneva Association secretary-general
The head of the Geneva Association spoke to Global Reinsurance about underinsurance, global regulation, climate events and the direction of the insurance industry’s thinktank
Multaqa 2016: David Watson, XL Catlin chief executive on expansion for MENA
EMEA chief explains how XL Catlin is well placed to help with those companies looking to use the MENA region as a base for global expansion
Multaqa 2016: Trust Re's Romel Tabaja on opportunities in MENA
On the run up to Multaqa, Trust Re deputy chief executive Romel Tabaja speaks with Global Reinsurance about the state of the industry in the MENA region, and Trust Re’s plans for expansion
Multaqa 2016: Roger Bickmore on global insurance disruption
Ahead of his address at March’s Multaqa Qatar, Tokio Marine Kiln’s Group Strategic Development Director talks to Global Reinsurance about innovation and the potential to disrupt the centuries old Lloyd’s market
BSX chief Wojciechowski on the future of ILS
Global Reinsurance interviews stock exchange chief
The next steps for Probitas
Chief executive Ash Bathia on emerging markets and relationships
Zuhair Al Atout on exploring Sub-Saharan Africa
The Apex chief executive talks us through the insurance broker’s African and Middle Eastern operations
LMA director on Solvency II and the market
Lloyd’s Market Association director Patricia Hakong speaks to Global Reinsurance about how the regulation will affect Lloyd’s after the 1 January 2016 start date
Amlin’s Simon Beale on discipline and evolution
Speaking days before Mitsui Sumitomo Insurance offered to buy Amlin, chief underwriting officer Simon Beale spoke to GR about profit, broker relationships and MENA expansion
Willis Re global head: the whole world is an opportunity
John Cavanagh on rates, M&A and the future
Eric Andersen, Aon Benfield chief executive: Getting creative is the key to success
Aon Benfield chief executive Eric Andersen says standing still is no longer an option for the reinsurance industry – companies need to find a way to succeed in any market cycle
Monte Carlo 2015: Guy Carpenter chief Alex Moczarski
Moczarski says firms need new approaches to tackle the new risk landscape
Interview: Aspen chief executive Chris O'Kane
Aspen boss on the future and Tolstoy’s relevance to (re)insurance M&A
Interview: Egypt financial regulator chairman Sherif Samy
The head of Egypt’s financial watchdog talks about Egypt’s economic indicators, why sound regulation is the key to attracting investment, and the authority’s plans for the insurance industry
The rise of Chedid Re: breaking London and global expansion
On growth, market challenges, and becoming a Lloyd’s registered broker
Interview: Pool Re chief executive Julian Enoizi
Terrorism pool boss on the future of the organisation and the risk it covers
Arab Misr Insurance Group's El-Zoheiry on North Africa
The boss of Arab Misr Insurance Group talks to GR about the vibrant North African insurance market and the opportunities awaiting those exploring Egypt
JLT's new Asia boss: 'China is priority number one'
After more than 20 years at Willis, Dominic Samengo-Turner made the decision not only to change companies but also to leave London for Hong Kong. In the end, he tells GR, it was a relatively easy call to make
Q&A: Hamilton Insurance chief executive Brian Duperreault
Duperreault eyes Lloyd’s expansion
Pool Re hires Hiscox's Masojada as non-exec director
Hiscox chief executive to bolster Pool Re board
Q&A: ABIR president Brad Kading on the reinsurer of 2020
Kading on the future, great challenges and transformation
Interview: IGI chief executives Jabsheh and Loucaides
In an era when ’big is beautiful’ in reinsurance terms, one of MENA’s home-grown (re)insurers is opting for a more considered approach as it quietly solidifies its empire
Interview: GIC Re chairman AK Roy
As retirement approaches, Roy sums up his time in the industry
Q&A: Solvency II creator Karel Van Hulle on the future of the regulation
Why the start date of Solvency II is just “the end of the beginning”
Interview: Aspen Re chief executive Stephen Postlewhite
Postlewhite gives first interview in new role
Q&A: Munich Re Middle East and Africa chief Bernd Kohn
Reinsurer’s regional chief on his plans for Munich Re and the current market challenges
Interview: FM Global chief executive Thomas Lawson
Lawson on collective thinking and answering clients’ questions before they ask them
Q&A: Navigators' president Paul Hennessy
From his first job in freezing Canada, Hennessy looks back at his career
Regulatory changes facing EU insurers: the lawyer's view
Holman Fenwick Willan’s Carol-Ann Burton on toughening regulations
Interview: Kurt Karl, Swiss Re
‘The big risk is deflation in the eurozone’ says Swiss Re’s chief economist
Interview: Jeremy Pinchin, Hiscox Re
Hiscox Re chief executive on the future of the reinsurer
Interview: Barbican chief executive David Reeves
Reeves on meeting Rupert Murdoch, what makes a good boss and lessons learnt
The value of dangerous thoughts
OPINION: Applying traditional methods to emerging risks is never a good idea
Interview: Giles Ward, regional president, Ace
As head of its new Eurasia & Africa division, seasoned traveller Giles Ward is excited about expanding Ace’s global footprint
Interview: Michel Liès, Swiss Re
Liès talks about growth, investment, Monte Carlo and whether he wants Swiss Re to be the world’s biggest reinsurer
Interview: Denis Kessler, Scor
Sometimes Monte Carlo is wrong, says Kessler - Don’t let sweeping generalisations distract you
Interview: Torsten Jeworrek, Munich Re
Reinsurance chief tells GR that at the biggest reinsurance group in existence, flexibility is the name of the game
Interview: Ulrich Wallin, Hannover Re
After years of volatility at Hannover Re, Wallin has mastered a delicate balancing act – combining innovation with a ‘steady as she goes’ approach
[Re]flections: Hemant Shah, RMS
RMS chief reviews his career in cat modelling and reveals the last time he said sorry
[Re]flections: Alex Moczarski, Guy Carpenter
Guy Carpenter president and chief executive looks back on his career and shares his expectations for Monte Carlo 2014
Chris O'Kane: I see more severe headwinds for reinsurance than insurance...
O’Kane discusses his five year plan, Aspen’s Q2 results, cyber risk, and staying ahead of the competition
Mike McGavick: Sorry, there is no such vacancy…
XL Group chief executive on why there is no head of innovation at his company
Aon president Greg Case on GRIP, sidecars, risk and staying relevant
The industry needs evolution and change, Case argues
Q&A: Korean Re chief executive Jong-Gyu Won
GR interviews the Korean Re chief executive on lessons learnt, his dream job and why he has nothing he wants to insure
Big data: The big insurance questions
The way we live, work and think is about to be transformed – the industry’s challenge is to be a full part of the big data story
Adapt, survive and stay relevant
How insurers can prepare for future generations
Profile: Julian James, president, Allied World Europe
Allied World’s Europe chief outlines his growth plans and vents his frustration at the ‘introverted’ London market
All eyes on the European Insurance Forum
DIMA chief executive Sarah Goddard tells GR about the risks and opportunities facing the European insurance industry
Q&A: Gerardo Garcia, Barents Re
CUO talks business expansion and why a new Cold War is an opportunity for the Panamanian reinsurer
GR interviews: the man who invented cat bonds
Hannover Re’s Eberhard Mueller on the past and future of his invention
The secrets of insurance innovation
Innovation does take time but does not need to be complex
Are Asia’s brokers and insurers creating truly innovative solutions?
Or are old techniques simply tapping into high levels of underinsurance in emerging economies, asks the head of Lockton Singapore
Interview: Hyperion chief executive David Howden
Howden believes in rapid growth, and is confident he can achieve it
The 2014 regulatory challenges for EU brokers: Biba
Trade body lists upcoming issues and Biba’s involvement
Asia Capital Re head Reto Brosi on tackling Asia underinsurance
As Asia’s GDP rises, how can insurance penetration be increased?
Amer Ahmed on the importance of data consistency in cat modelling
Allianz Re chief also examines hot spot accumulation monitoring for risk management
Q&A: Catlin Group chief executive Stephen Catlin
Catlin founder on 40 years in the industry
Cyber risk: education and collaborative working is required
OPINION: Ace’s Iain Ainslie on the growing cyber insurance market
Interview: Simon Rice, Lonmar
Rice reflects on guiding his firm through a troubled 2011, and looks forward to a year of continuing growth
Gulf Re's new chief debates the future of GCC reinsurance
Christian Vogel talks about World Expo Dubai, trading partnerships, and why the region should no longer be considered a non-cat market
Five minutes with Airmic chairman Chris McGloin
McGloin says cyber threats are among the top three risks for 2014
Innovation in insurance is for application, not aspiration
Why innovation is a mindset that must circulate around an entire corporate structure
GR interviews: Willis Netherlands interim chief executive Alistair Lester
Lester identifies the challenges for 2014 and tells us about biggest risk he’s ever taken – taking the stairs from the 100th floor of World Trade Centre Tower Two during 9/11
GR interviews: Peak Re chief executive Franz Hahn
Hahn lays out plans for his business and hopes for the market
Q&A: former Lloyd's chief executive Richard Ward
Richard Ward reminisces about working at his ‘temple’
The Aspen view of third-party capital
Aspen Capital Market’s Brian Tobben takes a fresh look
(Re)insurance in 2013: The investment perspective
BNY Mellon’s head of insurance Paul Traynor on the main events of the year
What D&O underwriters need to know about new Indian class actions
Could the continent see a US level of class actions?
Q&A: Gary Reader, head of global insurance, KPMG
KPMG’s new head talks global insurance reporting frameworks, insurance M&A, and why insurers need to be more customer-centric
Interview: RSA Asia chief executive Chris Colahan
Colahan on rebuilding RSA’s presence in Asia
Q&A: Scor chairman and chief executive Denis Kessler
Kessler believes that life as a ‘reinsurance industry guy’ is much like that of a monk – both are vocations that never fade
What are the cracks in contract certainty?
CMS Cameron McKenna partner Alex Denslow on which disputes will evade the London market’s drive to contract certainty
A fresh look at China’s agriculture exposure
New risk models are needed in the world’s largest agricultural market, says Asia Risk Centre chief executive Roman Hohl
Markel’s marine man at home in Asia’s risky waters
‘No region has a franchise on genius when it comes to risk management’, says Matthew Cannock
Interview: Dane Douetil, chief executive, BMS
The new chief executive of BMS has had a varied insurance career in differing guises and harbours high ambitions for his business
The facts behind the unstoppable rise of ILS
Conyers Dill and Pearman Bermuda insurance practice head Chris Garrod on the future of convergence
Q&A: Bermuda's premier Craig Cannonier and finance minister Bob Richards
Bermuda’s premier and finance minister talk to GR about the first year of being in power, convincing reinsurers to move back to the island, and being made a scapegoat by G20 nations
Q&A: George Kabban, UIB
UIB’s Middle East chief explains why a unified charter for standards in the MENA region will get rid of ‘cowboy’ brokers
Interview: Swiss Re chief executive Michel Liès
Michel Liès is an uncharacteristically optimistic chief executive, partly because his business is in its strongest form in years, partly because he sees opportunities amid the gloom
Q&A: Johannes Martin Hartmann, VIG Re
VIG Re chairman Johannes Martin Hartmann lays out his plans for the company’s future and why Central and Eastern Europe still provides rich pickings for (re)insurance businesses
Q&A: Mark Harrington, Barbican
Barbican’s chief underwriting officer discusses challenges facing the reinsurance market, including the growing convergence with the capital markets, and why it is a good time to be part of the Lloyd’s franchise.
Q&A: Chris O'Kane, Aspen
Aspen’s chief executive discusses the business’s work in developing countries, its treatment of capital markets and its hopes for renewed growth in the US
Profile: Ulrich Wallin, Hannover Re
Tighter control on investment and catastrophe underwriting has helped Hannover Re weather the economic storm, says its chief executive Ulrich Wallin
Q&A: Paul Traynor, BNY Mellon
From the eurozone crisis to global catastrophe, BNY Mellon’s head of EMEA insurance services discusses the challenges facing the international insurance sector this year and how businesses can manage their risk exposure while turning a profit
Q&A: Richard Anson, Antares
Antares head of ceded reinsurance Richard Anson tells GR his focus and strategies for dealing with the current economic climate, alternative reinsurance structures, and what he expects from brokers
Profile: Michael Casella, Chubb Europe
Being voted number one by brokers is a vote of confidence for Chubb Europe’s Michael Casella, who sees niche opportunities as the way ahead for the company
Q&A: Thomas Blunck, Munich Re
Reinsurers bore the brunt of the widespread US droughts of 2012, with Munich Re being one of the worst hit. GR spoke to Munich Re board member Thomas Blunck about the effect of the drought and other key issues facing the industry
Video Q&A: Toby Esser, Cooper Gay
Last year, global wholesale and reinsurance broker Cooper Gay Swett & Crawford received a significant private equity boost, putting chief executive Toby Esser in a strong position to make strategic investments. He talks to GR about its prospects, both local and global
Video Q&A: Jeremy Brazil, Markel
Markel’s President Jeremy Brazil tells GR about the company’s strategy, the Alterra deal, and which trends he will be following this year
Profile: Alastair Speare-Cole
JLT Re’s chief executive tells Alex Wright how he abandoned his plans to work in geophysics at Shell for the reinsurance industry
CFO Q&A: Rob Bredahl
Rob Bredahl, chief financial officer and chief operating officer, Third Point Re
Profile: Denis Kessler
Denis Kessler’s enthusiasm for the reinsurance sector is just one of the qualities that have helped the SCOR chief executive turn around the fortunes of the once-troubled French reinsurer.
Profile: John Berger
Third Point Re chief executive John Berger is well known in the business for being an all-round nice guy, but as Ben Dyson discovers, his CV and vision for the future prove he’s certainly no pushover
Q&A with Gerardo Garcia
The boss of Panamanian reinsurer Barents Re recommends that you stay far away from Latin America - so that he can keep all the work for himself
Profile: Toby Esser
For Cooper Gay Swett & Crawford’s Toby Esser, sitting back and enjoying the fruits of its transformational deal is not an option. From grand MGA plans to taking on the big three brokers
Carl Beardmore, BMS
BMS chief Carl Beardmore believes that sturdy mid-tier brokers are set for a golden age of opportunity. Expansion in the USA and launching into underwriting at home are part of his plan to square up to the big hitters
Mark Byrne, Haverford
Son of an insurance legend, friends with Warren Buffett - Mark Byrne has industry credentials to spare. So when his firm, Haverford, made an audacious bid for Omega, the market was enthralled. But what went wrong?
Tom Bolt, Lloyd's
By virtue of his job title alone, Lloyd’s performance management director Tom Bolt is a formidable character. But there’s no reason for the industry to fear him … too much
Marshall King, RFIB
A powerful combination of organisational and entrepreneurial muscle, RFIB leader Marshall King has made sure his company is in good shape for taking on emerging markets. Lauren Gow meets the Pied Piper of Lloyd’s
Mike Wilkins, IAG
IAG’s Mike Wilkins pulls no punches when talking about his company’s unstable past, which just makes him more resolute about the future, finds Lauren Gow
Matthew Fosh, Novae
Matthew Fosh faced many challenges when he joined Novae as chief executive but he says the company’s success is down to the qualities of its staff
David Cash, Endurance
As David Cash enters his second year as chief executive of Endurance, he believes industry conditions are the best they have been for some years and favours organic increases over consolidation
Ed Noonan, Validus
Validus boss Ed Noonan can quip with the best of them, but beneath the grin lies a tough customer, as his company’s hostile takeover of IPC proved. He talks here about the deal of the decade – and what’s next on the agenda
David Ross, Gallagher International
Twenty years at Arthur J Gallagher have given chief executive David Ross a good nose for expansion and diversification. The broker is now looking to bulk up its non-US business
Graham Clarke, Miller
A calm and unassuming exterior belies the Miller chief executive’s ambitious nature. Graham Clarke talks about how he plans to take on the big brokers
A league of their own
How does Chaucer find the confidence to remain independent while being able to weather big losses? The secrets include an investments overhaul, a sure hand with price comparison websites and a lot of positive thinking
Guy Carpenter: Top team, big change
Guy Carpenter has reacted to the creation of Aon Benfield and the financial crisis by beefing up its management and boosting its analytical advice. Just as important, the team works hard, works well, and has fun. Results are good, the company is growing and it’s also closing in on a ...
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