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Inflation and capacity shortages make transparency a must, says NewRe CEO
Insurance
Transparency is crucial for this year’s 1/1 negotiations, according to NewRe chief executive officer Thomas Braune, as capacity shortages, inflation and a wave of wider uncertainties have hit the reinsurance market.   13 September 2022
Pockets of opportunities in certain lines of business are the focus of Dale Underwriting, a Lloyd’s underwriting business
Insurance
Despite the enormously complex global macroeconomic environment there are still “pockets of opportunities’ in certain lines of business—and they will be the focus of Dale Underwriting, a Lloyd’s underwriting business, while sticking to its core expertise.   13 September 2022
Any move to increase rates on the basis of wider global market trends will be resisted: Benoît des Cressonnières, Allianz Trade
Insurance
Any move to increase rates on the basis of wider global market trends will be resisted by Benoît des Cressonnières, the buyer for Allianz Trade and chief executive officer of Euler Hermes Reinsurance, part of Allianz Trade, on the basis that his business has been consistently profitable for some 14 years.   13 September 2022
Insurance
AkinovA has plans to partner with companies in the intellectual property space, its chief executive officer, Henri Winand, told Intelligent Insurer.   13 September 2022
Insurance
Inflation is not going to go away, so the issue facing the re/insurance industry is how to contain it. That is the view of Pete Chandler, president and chief executive officer of BMS Re. Factor in climate change, and the industry is pressed to find new solutions—but Chandler believes it has the talent to achieve these.   13 September 2022
Insurance
Excessweather, a Lloyd’s broker that specialises in parametric products, has seen demand for its products and expertise surge thanks to a combination of new technology enabling the use of such solutions and a greater awareness of the possibilities globally.   13 September 2022
Insurance
Discussions about capacity are more complex at this year’s Monte Carlo than at previous meets, according to Jim Bichard, global insurance leader, PwC.   13 September 2022
Insurance
The idea of a widespread cat capacity crisis is “nonsense”. Capacity is available and the largest European reinsurers are even willing to write more—with the exception of US cat peak zone risks, James Vickers, chairman, international, reinsurance, Gallagher Re, told Intelligent Insurer.   13 September 2022
Insurance
“One aim is to keep things that are difficult to insure insurable—that is the challenge for today,” according to Thierry Léger, group chief underwriting officer at Swiss Re, as he spoke at the reinsurer’s Monte Carlo event on various topics including climate change.   13 September 2022
Insurance
“The market is at a very interesting point where we see inflation, post-COVID-19 pain and nat cat development, almost certainly being driven by global warming, and specifically what we used to call secondary perils.”   13 September 2022

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