The market is moving in the right direction on rates but the landscape is becoming increasingly complex in various ways. Whatever the shape of the future, Bermuda remains well positioned as a global risk hub, said panellists at the annual Monte Carlo Bermuda:Re+ILS reinsurance roundtable sponsored by Markel Re.
PartnerRe’s strategy of sticking to what it knows best—pure reinsurance—has been paying off for the company, its president and chief executive officer Emmanuel Clarke tells Bermuda:Re+ILS.
Bermuda continues to be the go-to domicile for new risk carriers but possibly the most significant launch of the year has been Stephen Catlin’s Convex. Catlin explains to Bermuda:RE+ILS why he chose Bermuda and why quality people are keen to join the business.
It has been a long and sometimes winding history but Bermuda remains at the centre of the transformation of the insurance and reinsurance market, says Kathleen Faries, chair of ILS Bermuda.
The Bermuda Stock Exchange has launched an environmental, social and governance initiative that aims to enable sustainable and responsible growth for its member companies and the wider community. Greg Wojciechowski caught up with Bermuda:Re+ILS to explain what this means for the exchange and the ILS markets.
William Dubinsky, managing director & head of ILS at Willis Towers Watson Securities, takes a look at model clarity and other issues facing the ILS market.
Bermuda’s position as a world-class domicile is partly based on its deep talent pool—both homegrown and developed and attracted from overseas—but it must never get complacent about the importance of talent, Charles Cooper of AXA XL tells Bermuda:Re+ILS.
The expertise of the Bermuda workforce has always been one of the jurisdiction’s biggest strengths. Bermuda:Re+ILS asked a number of local executives for their views on whether the Island—and the wider reinsurance industry—remains attractive to the best people.
The latest Reinsurance Banana Skins survey by the Centre for the Study of Financial Innovation and PwC has shown that worries over technology and cyber risk are at the top of the 2019 list of concerns for reinsurers. Bermuda:Re+ILS examines the full findings of the report.
Bermuda’s flexible and innovative approach has ensured it remains at the forefront of risk transfer globally—but more could be done to educate its wider stakeholders about the good work it does, as Charles Cooper of AXA XL explains to Bermuda:Re+ILS.