Jim Summers, chief executive of global specialties, and John Fletcher, chief executive at Willis Re Bermuda, lay the groundwork for this next generation reinsurance broker
Market commentators suggest that M&A opportunities encompassing specialty lines, MGAs, insurtechs and firms with a Lloyd’s footprint could be particularly attractive to reinsurers looking to redeploy capital for inorganic growth
Alternative capital shows signs of perminancy and cat bonds ‘complement’ reinsurance pricing by ‘stepping in to provide more cover for frequency risk as reinsurers have retrenched from that’, according to Moody’s
Insurers could be facing a busy period, with the Civil Aviation Authority highlighting that while airlines have responsibilities to look after passengers, ‘extraordinary circumstances’ mean ’they are unlikely to be entitled to compensation for delays or cancellations that were directly caused’ by an air traffic control issue
Clegg Gifford chief executive Toby Clegg questions whether a future advantage in underwriting may lie in more accurately pricing the risks originating from moral hazard and insured behaviour
’This year’s pivot, from January onwards, has been to figure out how we maximise the benefit and the assets that we’ve got, as well as how we recognise claims itself as a strategic asset in the whole of the insurance cycle,’ says chief claims officer
The 28-year-old managing director bringing ‘a little bit of Essex in every boardroom’ as she homes in on international opportunities, new scheme potential and a talent first mindset for her incoming era of leadership
‘When you’re in those really difficult times, the actual underwriting expertise, the risk management expertise, the discipline and getting the contract wording right is absolutely essential,’ says chief executive
‘These swaggering insurtechs claimed that they were going to change the world, but they weren’t selling any insurance – there wasn’t a scalable, solid concept there,’ says executive director