CONTENTS
EDITOR’S LETTER
Remembering 9/11: it’s time for the industry to lead on the big risks
The industry needs to step up and do the same around other modern risks.
NEWS
Rendez-Vous committee unveils dates for 2022 event
The Rendez-Vous de Septembre’s organising committee has praised the industry’s resilience and notes that the global vaccination programme has the potential to help the world return to a new normal.
INTERVIEW: BERTRAND LABILLOY, CCR/CCR RE
A public-private partnership: CCR leverages CCR Re to build expertise
CCR Re, writing reinsurance in the private international markets, will be central to CCR’s—its parent’s—plans for an increasing role covering emerging and evolving risks and disaster prevention.
INTERVIEW: JOHN HUFF, ABIR
Return on capital, ESG and contract clarity will dominate renewals discussions
A trio of issues is firmly on the agenda of all renewal discussions in 2021, according to John Huff, CEO of the Association of Bermuda Insurers and Reinsurers.
INTERVIEW: KATHLEEN FARIES, HORSESHOE CAPITAL
Faries: ILS must take a leadership role in tackling emerging risks
Newly appointed Horseshoe Capital CEO Kathleen Faries on how ILS needs to be at the forefront of the risk world, and why Bermuda will remain the industry’s centre of gravity despite rising competition.
INTERVIEW: JASON RICHARDS, SWISS RE
Social inflation, cyber, pricing: what the post-COVID-19 industry will deal with next
Insurers and reinsurers are always dealing with threats new and old. For Swiss Re, it is all part of the landscape, regardless of age.
INTERVIEW: JAMES FEW, TIGERRISK
Disruption among the competition benefits TigerRisk
Difficulties at some of its competitors in the broking industry have proved fruitful for TigerRisk Partners, according to London CEO James Few. He spoke to the Re/insurance Lounge.
RENEWALS
‘The party is over in Europe’: tough conversations in an age of Zoom
The industry will be doing many of its renewals discussions online. That might work for some, but the industry needs to get back to meeting face to face, say insurers.
RENEWALS
Secondary perils are becoming a primary concern as renewals loom
Losses from fires and floods are joining the traditional perils of earthquakes and hurricanes as drivers of insured losses. New capacity won’t save cedants from upward pressure on rates, a panel finds.
INTERVIEW: DIRK HERRENPOTH, NEWRE
Favourable market conditions to continue
Dirk Herrenpoth, chief underwriting officer of NewRe, is confident that the favourable market environment for reinsurers will continue, driven by the current loss situation.
NEWS
SCOR plans for big P&C growth as business rebalances
Taking advantage of strong growth opportunities in Europe, fast-growth markets and global lines, its focus will be on non-cat lines, says Launay.
NEWS
Reinsurance grows, but penetration remains limited in LatAm: Fitch
Demand for reinsurance in Latin America may grow in the second half of 2021, bolstered by uncertainty over risks and improved pricing for primary insurers.
NEWS
Lloyd’s is back to black, but time is running out for unprofitable syndicates
CFO reports improved performance driven by higher rates and efforts to eliminate underperforming business lines, and a strong balance sheet.
NEWS
Swiss Re: COVID-19 revealed industry weaknesses, but opportunities abound
The re/insurance industry is poised for a period of substantial growth as the economic disruption of the pandemic slowly subsides.
NEWS
Insurers and governments should learn pandemic lessons: Guy Carpenter
COVID-19 has highlighted the need for new mechanisms to enable governments and insurers to cover systemic risks.
NEWS
Henchoz predicts ongoing reinsurance price hikes as risks grow
Hannover Re has joined other leading reinsurers at Monte Carlo in predicting that the combination of uncertainty from the pandemic and rising losses elsewhere will fuel further price rises.
