CONTENTS

EDITOR’S LETTER


At a crossroads: the industry must innovate or become irrelevant

Its leaders must take a step back and consider what clients truly need—and innovate around that.

NEWS


The Rendez-Vous recap

A quick overview of the latest industry updates.

INTERVIEW: PAUL BRAND, CONVEX


Execs willing to meet will gain edge in ‘fraught’ negotiations

Convex’s Paul Brand believes companies willing to meet in person will gain a competitive advantage over those who are reticent.

INTERVIEW: STEVE POSTLEWHITE, QBE RE


Postlewhite predicts divergence of P&C renewal rate rises

QBE Re managing director of global reinsurance Postlewhite reckons that increases will not be equal across all lines.

INTERVIEW: PAUL SCHULTZ, AON SECURITIES


As 2022 looms, are insurance-linked securities maturing?

There’s a lot of positives in the air for the sector, says Aon Securities’ Paul Schultz.

INTERVIEW: GREG WOJCIECHOWSKI, BERMUDA STOCK EXCHANGE


Bermuda: ‘the Silicon Valley of the insurance world’

The BSX CEO discusses the importance of the Island as a centre for the global re/insurance industry.

INTERVIEW: JÉRÔME JEAN HAEGELI, SWISS RE


Asset prices on steroids, but interest rates will stay low

What is in store for the re/insurance sector? Intelligent Insurer hears from Swiss Re’s Jérôme Jean Haegeli.

INTERVIEW: JOHN SCULLY & MARCO SORDONI, UNIPOLRE


Headwinds mean further rate increases needed

Rates continue to move in the right direction, but they still have some way to go to become sustainable, say John Scully and Marco Sordoni of UnipolRe.

INTERVIEW: LAURENT MONTADOR, CCR RE


CCR Re puts COVID-19 in the rear-view mirror

CCR Re has come through its most challenging year since its launch in 2017. Laurent Montador reveals what’s on the horizon.

INTERVIEW: MATT HUELS, MARKEL


Challenges remain for small business as recovery builds

Small businesses and their insurers have shown adaptability and resilience, which will be needed as the economy recovers, says Markel’s Matt Huels.

INTERVIEW: STUART SHIPPERLEE, LITMUS ANALYSIS


‘Grey rhino’ risks will ensure continued upward pressure on rates

Reinsurers’ returns could still be underwhelming, leading to longer-term upward pressure on rates: Stuart Shipperlee of Litmus Analysis.

INTERVIEW: ARNDT GOSSMANN, GOSSMANN & CIE


Pandemic lessons and tech maturity

The time has come for the industry to take full advantage of the technology offerings available, according to the CEO of Gossmann & Cie.

WILDFIRE MODELLING


Modelling the enigmatic peril: the challenge of pricing wildfire risk

With little historical data available to model it, how are carriers grappling with providing cover in one of the riskiest markets?

WILDFIRE RISK


Keeping up with the changing face of wildfires

Wildfires have emerged as one of the most significant problems facing the industry, a Re/insurance Lounge panel agreed.

NEWS


Munich Re panellists see bright future for alternative risk transfer

The ILS market has grown significantly over the past 12 months after a series of natural catastrophes and the pandemic.

NEWS


Climate change: the biggest opportunity in living memory

The re/insurance industry can be at the centre of the global shift to net-zero emissions, says Lloyd’s CEO John Neal.

NEWS


Capacity holds back prices as cat losses build: Moody’s

Lower COVID-19 claims and increasing pricing have improved the outlook, but earnings are still vulnerable.

NEWS


More disputes to come over COVID-19 uncertainty

Prudential regulation in the insurance sector is increasingly being used to push public policy goals, according to law firm Kramer Levin Naftalis & Frankel.