CONTENTS
INTERVIEW: PAUL SCHULTZ, AON SECURITIES
ILS holds its own during pandemic
In the hardening market, there will be more opportunities as cedants look to continue to diversify their overall reinsurance purchases.
NEWS
‘Don’t call it a hard market’—buyers set out their stalls ahead of renewals
Prices are rising, but it is an “unavoidable truth” that the re/insurance sector is not yet in a hard market as capacity remains available across all lines of business.
INTERVIEW: MARCO SORDONI, UNIPOLRE
Best of both worlds: UnipolRe’s unique position as industry heads for choppy renewals
Amid the disruption caused by COVID-19, Marco Sordoni of UnipolRe and the Unipol Group is uniquely placed to offer a perspective from both sides of the fence.
NEWS
Appetite for terrorism risk grows; reinsurers remain supportive: Pool Re CEO
Pool Re has been highly successful in its efforts to increase the number of reinsurers participating on its retrocessional placements and the number of investors supporting its ILS programme.
INTERVIEW: THIERRY LÉGER, SWISS RE
‘Fear factor’ around COVID-19 could elongate hard market
The hard market could be lengthened by the uncertainty surrounding COVID-19 and the global economic fallout. Against this unprecedented backdrop, demand for reinsurance could also increase.
NEWS
Hard market to last into 2021, with focus on diligent underwriting: Hiscox
The current hard market presents a period of opportunity for reinsurers, which should extend into next year.
CYBERCUBE
COVID-19 is changing the cyber landscape—and insurers must adjust quickly
COVID-19 has accelerated some of the trends in an already fast-changing cyber market, but simply increasing rates may not be enough.
NEWS
Growing cyber attacks highlight need for a smart approach to an evolving risk: Occam
As cyber attacks evolve and increase, smaller companies are finding themselves just as much at risk as large corporations.
NEWS
COVID-19 comparable to 9/11 in shock to market and impact on rates: Brit
COVID-19 will cause widespread multi-class rate hardening in the re/insurance market and drive an increased focus on the finer details of policies and exposures.
NEWS
COVID-19 a real catalyst for hard market: Ahlmann
While the hardening of rates is being driven by multiple factors, the uncertainties created by COVID-19 have been the real catalyst for change.
NEWS
Trapped collateral remains a growing concern for ILS investors
There are solutions available and this is an area where new technology can prove its worth, according to Will Dove of Extraordinary Re.
NEWS
Moody’s changes global reinsurance outlook to negative
The global coronavirus pandemic, climate change and social inflation are all key factors outlined in a new report.