Say what you mean. Mean what you say.
Once all the hurdles had been overcome, with the micro and macro changes that have influenced the hardening property reinsurance market in the 1/1 renewals, most programs managed to be placed. This demonstrates that unlike the very challenging renewal seasons during the early 90s, there was just enough supply of capacity to satisfy demand.
The 2020s: what’s happened and what’s next?
We’ve learnt so far during the 2020s that the cyber market can handle attritional loss deterioration. From mid-2020 to mid-2022 the cyber market produced significant rate change and there was a complete re-underwriting of underlying portfolios, all necessary because of attritional loss from ransomware.
Focused topics this conference season
Over the past month, I’ve had the opportunity to travel to the U.S. for the first time since the pandemic started. I travelled across five states and seven cities, attended the National Association of Mutual Insurance Companies (NAMIC) and the American Property Casualty Insurance Association (APCIA) conferences, and re-connected with our clients.
The “Phases” of Learning in Reinsurance – A Graduate’s Perspective
Looking back now, I view my first years’ worth of development in different “phases” of learning. Within this piece I’ll look to explain these phases, in hopes of conjuring memories for my more experienced colleagues and providing reassurance to my fellow new hires.
Inflation and uncertainty. How does this impact the global surety bond market?
As the impact of rising inflation becomes more apparent, those of us working in the surety market are closely monitoring the effect of inflation on costs, labour, capacity, supply chains and ultimately, potential losses. As we did during the pandemic, all stakeholders should consider how best to support their clients and help them to navigate successfully through this uncertain period.
Disorder by any other name
Reinsurers are rising to the challenge presented by the growing complexity of an ever-changing world, says Dieter Winkel.
Where are we?
Not a day goes by where I don’t read a press article, a LinkedIn post or hear some industry news about the state of play in the cyber market.
Increased frequency of natural catastrophes spells uncertainty for (re)insurers
Natural catastrophes occur with greater frequency and severity, Miguel assesses the implications for (re)insurance carriers and the impact on clients.
Was the 2022 property renewal season a case of keep calm and carry on
December 2021 was one of the toughest property renewal seasons for all territories for a number of years. Commentators from journalists to brokers alike noted how both prices and terms and conditions moved in favour of reinsurers. Most of the brokers’ reports post-renewal comment on how reinsurers took a more risk averse view of catastrophe business and particularly attrition.