Jason Busti, President of North America for AXIS Re discusses the complexities and challenges of 2024 midyear casualty renewals

Risa Ryan, head of US P&C at Hyperexponential, discusses the transformative impact of technology on the insurance industry.

Businesses are increasingly interested not just in property catastrophe insurance, but also parametric solutions and directors & officers to help cover claims related to climate change, said Bob Quane, chief underwriting officer, Beazley.

Smaller companies may follow in the steps of the larger insurers who’ve already taken charges. “That trend has legs,” said Marc Adee, Chairman and Chief Executive Officer, Crum & Forster.

The need for specialty lines is greater than ever before, said Patrick G. Ryan, founder, chairman and CEO of Ryan Specialty.

About 80-90% of the global economy is based on intangible assets, said Ian Lewis, Head of Intangible Assets for Arch Insurance International.

Facing increased existential pressures, businesses are seeking more robust financial lines protection, said Mark Paccione, head of retail financial lines, lower middle markets, for AXIS.

While Arch is looking into using AI and robotics to streamline claims, an important focus remains on diversity to build a strong claims culture, said Barbara Rizzi, Chief Claims Officer for Arch Insurance International.

Mark Gregory, Head of AXIS Global Markets discusses AXIS’s new Energy Transition Report, the launch of Syndicate 2050, and the future of emerging energy technologies.

Augmented underwriting can provide underwriters new insights at the right time in process, but underwriting is still an art, no matter how much technology you put around it, said Simon Cooper-Williams, Director of Portfolio Development Solutions, Markel International.

AXIS recently entered a partnership with Project Healthy Minds. “We live in a world that is fairly uncertain… the notion of feeling comfortable and talking about mental health needs is critically important,” said Vince Tizzio, president and CEO of AXIS, during an interview with Phil Schermer, founder and CEO of Project Healthy Minds, and Insurance Insider’s Meg Green.

Over the next six to eight months, MSIG USA will continue its US expansion with new hires and new products, including launching cyber coverage, said Peter McKenna, CEO of MSIG USA, at RISKWORLD in San Diego.