Interview
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The CEO was speaking after the carrier posted a $503mn profit in 2023.
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The MGA was founded by Natasha Attray, James Dodd, James Fletcher and Charles Turnham.
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The firm launched late last year in the US with a $250mn capital injection, and has also acquired a UK platform.
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The executive was speaking on the Behind the Headlines podcast.
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The unit will target Northern European M&A within the next six months.
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The MGU is exploring additional third-party capital relationships.
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Vivek Syal will become CUO of Tokio Marine Kiln in April.
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As the interim CEO prepares to hand on the role, a major restructure is ahead.
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Existing taxes could be lowered under a potential new structure.
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The Bermudian posted 18.5% top line growth in its first year as a public company.
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Continued geopolitical and climate uncertainty will hold up pricing.
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Lloyd’s is now an attractive environment for entrepreneurs, the CEO said.
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The firm’s growth focus for 2024 will be in property D&F.
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The LMG chair also discussed the need for tailored regulations.
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The executive said that adequate rates were encouraging insurers to grow.
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Pravina Ladva, Swiss Re's group CDTO, sets out experiments the carrier is conducting with generative AI.
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Instead, the firm’s core segments reported $13.5mn in full-year cat losses.
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The firm will have more flexibility around talent compensation and M&A activity.
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The MS Re CEO said 1 January oversubscription levels on cat were not notable.
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The CEO speaks on portfolio remediation and the future of the lead-follow model.
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In its first year under new ownership and after setting up its own managing agency in 2022, the Lloyd’s syndicate is looking at ways to leverage its infrastructure.
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The platform is adding a contract builder component that would smooth adoption of the new MRC v3 contract.
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The CEO emphasised that while trading conditions are favourable for the specialty segment, the company would make the decision to go public based on its own merit rather than market timing.
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Any firms that struggle to communicate on the new platform will be charged “translation fees” in the long term.
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Hamilton is seeing additional opportunities on the casualty reinsurance front as other players pull back, given the loss activity stemming from 2019 and prior years.
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The positive results in Q3 are starting to form a “track record” of improvement as the carrier moves away from “a place of underperformance”, the executive told this publication.
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After moving into the rank of fifth-largest reinsurer, following its acquisition of Validus, RenRe said it would continue to take a leading role in the regional cat space and expected to be more able to trade through market cycles.
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Clearer wordings for cyber cat risk would also help foster the development of the more capital-efficient event XoL reinsurance market in cyber, Kessler said.
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Aon’s three-year plan will allow the firm to go “further faster” in serving clients with increasingly complicated needs, as well as creating additional operating leverage that will create the opportunity for Aon to deploy capital more broadly, CEO Greg Case told this publication.
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The Bermudian’s global property CUO and European chief says it is ready to expand if conditions remain favourable.
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The minister stated that it is time for insurers to step up and increase their risk appetites and reduce prices in response to the reforms.
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The executive said the broker was primed to take advantage of sector tailwinds, and continue attracting talent.
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The Corporation’s chairman said Lloyd’s has “earned the right to grow” and wants to drive competitive progress on ESG goals.
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The Duncan Dale-led business has reached an ‘inflection point’ where a large, aligned capital provider is advantageous, executives say.
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Hurricane Idalia is a reminder of the new normal cat environment and that reinsurers must continue to ensure they do not pick up attritional losses, the company’s P&C head said.
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The chairman stressed that his new start-up will focus on the liability side of the balance sheet not the asset side – in distinction to the hedge fund re model.