Rather than taking advantage of a potential market shift following Harvey and Irma, it’s more important that we think about the transformational steps we can take to expand the ILS market, says Tom Johansmeyer of Verisk Insurance Solutions.
In light of stiff competition—from new entrants such as London as well as the more established players—Bermuda has worked hard to maintain its position as the stock exchange of choice for ILS. Greg Wojciechowski of the Bermuda Stock Exchange explains how Bermuda’s support of the asset class is continuing to evolve.
AM Best expects to see more of Fannie and Freddie’s mortgage risks finding their way to the reinsurance market, says Emmanuel Modu, managing director at AM Best.
The understanding and ownership of scientific content will become a focal point of future catastrophe modelling, says Lixin Zeng, chief executive officer of Validus AlphaCat.
This year’s Monte Carlo Rendez-Vous was dominated by storms, both there and thousands of miles away. Bermuda:Re+ILS takes a look at what some of the industry’s movers and shakers had to say at the event as rates, storms and insurtech dominated discussions.
Insurtech investment has been increasing apace. Rather than fight the potential disruptors, re/insurers are being encouraged to pursue ‘open architecture innovation’ and collaborate with startups to achieve new industry growth, according to Paul Mang and Parr Schoolman of Aon’s Analytics team.
Mortgage reinsurance has risen from the ashes of the financial crisis and now offers the kind of returns property/casualty players can only dream of. Bermuda:Re+ILS takes a closer look at why this area is growing so fast.
It has deep roots but Maiden Re is embracing a changing industry by targeting innovation and insurtech while also maintaining close traditional ties with its clients, as its president Patrick Haveron tells Bermuda:Re+ILS.
With the integration of Ariel Re now complete, Mark Watson III, chief executive of Argo Group, tells Bermuda:Re+ILS about his plans for future growth and how emerging markets and digitisation could be key.
As the re/insurance industry deals with everything from hurricanes to Brexit, leadership has never been more important. Bermuda:Re+ILS takes a look at the people who are providing Bermuda with the leadership that circumstances now demand.