Interviews

Some 15 months on from the property reinsurance exit, he said the firm continued to reserve the right to reshape the portfolio.

Arch Re CEO Maamoun Rajeh says renewals need to be more like performance reviews: telegraphed with no surprises, as there is no upside to late games of “chicken”.

WTW has highlighted that global climate change-related litigation cases have doubled to more than 2,000 since 2015.

Insurance's GWP decline was driven by a couple of programs that were underperforming, while reinsurance's deceleration was driven by a deliberate slowdown in the mortgage book.

The commercial insurance CEO said carriers must communicate on the reasons for ongoing rate increases as the market bifurcates.

A “little flurry” of new capacity helped the mid-year renewals as reinsurers pushed to deploy at the last chance for 2023.

Lorraine Harfitt also discussed the Funds at Lloyd’s capital squeeze, and the prevailing mindset keeping women from CEO positions in the Lloyd’s market.

Joe Gordon also reiterated plans to switch off PPL’s older Ebix Europe platform later this year, claiming some participants see friction with brokers “when it’s not there”.

The US retailer’s acquisition of the UK MGA and broking group will be mutually beneficial, according to executives.

The broker’s UK CEO said the current rating environment is ‘eminently supportable’ for London carriers.

The fac-focused reinsurance unit expects to expand into treaty over the next year and attract additional talent to boost its operations.

Sean McGovern, chair of the London Market Group, outlined why it is critical for the trade body’s outreach programme to build the market’s talent pipeline and attract data science expertise.