Welcome to APCIA Today
That the American Property Casualty Insurance Association (APCIA) will hold its annual conference in person this year, represents some much-welcome positive news for an industry getting a little jaded doing everything virtually.
Face-to-face meetings are back on the agenda and most executives are glad of that.
While the event will be down on 2019 numbers—the last time it happened in a physical form—the biggest reason for this is overseas visitors being unable to enter the US for another week. Companies based in North America have embraced the opportunity to meet in person again.
There will big differences. COVID-19-related restrictions and safety measures are in force, including proof of vaccination. It will be a much smaller event this year—but events will happen, and executives will meet face to face.
That is a welcome step forward. These in-person meetings will represent a focus as negotiations around the renewals season gather pace. The APCIA annual event acts as a focus for these—an important mark in the calendar.
For this year’s edition of APICA Today, we reflect this blended approach the industry is now using to conduct business. We have done many video interviews during the week before the conference.
We will also report on the press conferences and events happening around the event and speak to individuals who are attending in person.
This allows us, as ever, to provide in-depth analysis of industry news and opinion, based on our speaking to the most senior leaders in the industry—asking the challenging questions and delivering the answers.
For the first time, this year the publication is truly multimedia.
Almost all of our exclusive interviews and panel discussions are available in these pages for you to watch and listen to—in addition to reading our reporting on them.
We hope you find the content in these pages useful and informative—it may even give you an edge on the competition.
Wyn Jenkins, managing editor, Intelligent Insurer
A sneak preview: more exclusive content and interviews inside
What keeps the CEO of SiriusPoint up at night?
The industry is at an existential point and needs to take a hard look at itself, much as it has done after other major events, according to Sid Sankaran, CEO of SiriusPoint.
SiriusPoint, the company formed through the merger of Bermuda-based specialty reinsurer Third Point Re and multiline re/insurer Sirius Group, launched in February this year.
Sid Sankaran is steering the helm of this class of 2020 re/insurer, backed by a 75-year history and established relationships with clients and brokers around the world.
He spoke to the 1.1 Club, Intelligent Insurer’s online, on-demand platform for one-on-one interviews with industry leaders, to talk about the SiriusPoint’s vision for the future, and the concerns that keep him up at night.
“The industry is at an existential point. As my vice chairman Steven Fass says, in some of these areas the industry needs to look at itself very hard, much as it did after major events such as the terrorist attacks of 9/11 2001. Will it? I don’t know,” Sankaran said.
A sneak preview: more exclusive content and interviews inside
Navigating a challenging US treaty market
Beazley’s Mark Vaughan explains how the carrier is managing some contradictory dynamics.
Climate change has altered the risk environment
Carriers can no longer rely on previous assumptions when assessing the risks at hand: Swiss Re’s Keith Wolfe.
A sneak preview: more exclusive content and interviews inside
Making the connection: AM RE brings US business to Asian carriers
AM RE has moved to the heart of the programme market in Texas. Now it’s looking for further growth, Shevawn Barder tells APCIA Today.
It’s been a busy year at AM RE Syndicate. The US-based managing general agent (MGA), which writes primary programme business on a reinsurance basis, moved its operation to Dallas, Texas, had its best-ever year in terms of written income, and is now planning to launch a carrier.
“The move coincided with COVID-19, so we were lucky with our timing,” She told the 1.1 Club.
“Dallas, and the State of Texas, have taken a very positive view to keeping their economies open, and that has indirectly benefited our business,” Barder said.
