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Hannover Re Capital Partners is in talks with two investors for 1 January launch. -
The pair were offered contracts by Willis Re in July.
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The former Hannover Re CEO said reinsurers must use alternative capital and tech.
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Earnings covers do not need to equal aggregate reinsurance deals, the broker said.
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Anticipation, motivation and inspiration are central to effective implementation.
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Reinsurers are ready to draw a line under a worsening claim outlook across the casualty market.
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The carrier M&A cycle has started and reinsurance is a segment where acquisitions work better.
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A survey from PwC described the sector as “stable”, “evolving” and “dynamic”.
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CEO Thierry Léger also stressed his intention to repair the carrier’s relations with Covea.
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Stefan Golling also said Munich Re’s appetite for agg covers was unchanged.
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The reinsurer is moving all its non-cat business to the new syndicate, leaving 1910 focussed on peak cat.
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Swiss Re forecasts more risk transferring to reinsurance and retro markets in the future.
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