CONTENTS
INTERVIEW: MIKE VAN SLOOTEN, AON’S REINSURANCE SOLUTIONS
Reserving for COVID-19 claims hits reinsurers’ performance
The impacts of COVID-19 on the reinsurance sector include the danger of another bout of extreme capital market volatility.
COVER STORY: DAN MALLOY, THIRD POINT
Sirius-Third Point merger solves uncertainties at both
The two companies’ merger will create a larger capital base and combine complementary portfolios in the process, say execs.
NEWS
COVID-19 the final straw: SCOR
The pandemic has triggered severe losses for the re/insurance industry, but a number of other forces had already combined to create the hardening market.
INTERVIEW: MOSES OJEISEKHOBA, SWISS RE
Post-COVID-19 re/insurers can make society more resilient
The industry’s own strength is well known but low interest rates will be a major issue for a while.
NEWS
New money will chase harder rates: panel
Many re/insurers are raising money in anticipation of cashing in on a hard market, a Re/insurance Lounge panel reports.
NEWS
COVID challenges will separate weak from strong: CCR
Reinsurers must insist on rate increases that will maintain their solvability while also clarifying the terms of coverage around risks such as pandemics.
CYBERCUBE
Lloyd’s restructure has ‘shaken out the garbage’: Munich Re
Lloyd’s is actively encouraging the so-called light-touch cohort to develop, grow, and be entrepreneurial.
NEWS
Growth opportunities abound as rates harden: S&P
Despite S&P’s negative outlook, the related pricing rises indicate that opportunities still exist in these challenging times.
INTERVIEW: MARTIN HARTMANN, VIG RE
Better-performing cedants should benefit from lower rate hikes
Cedants that have limited exposure to COVID-19, are transparent and value long-term relationships with reinsurers, should gain from lower rates increases.
NEWS
Insureds could turn guns on brokers over COVID BI cases
The re/insurance industry is about to discover the outcome of a business interruption test case brought by the UK FCA, says Charles Manchester.
NEWS
Buyers who can differentiate themselves may dodge harsher rate hikes
Those with a better performance will be in a better position to negotiate: Arch.
NEWS
Insurercore sees boost during COVID-19
Use of the online platform rose by 40 percent week on week during the early period of the pandemic.
NEWS
Insurers must be ruthless with poorly performing business units
And let go of lines that are not generating money, amid increased interest in its legacy services: DARAG North America.