EDITOR’S LETTER
An uncommonly busy summer
“One deal in particular caused a stir: the birth of Howden Tiger.”
In this edition of Intelligent Insurer Review, we look back at two busy months: July and August. Punctuated with notable M&A, a mega legacy deal and mid-year renewals, there was no shortage of interesting stories.
We also have a special focus on Latin America and the lucrative growth potential in the region. It’s a topic that has been on many lips, so we lined up senior execs in the know to give us the lowdown.
Back to M&A activity, one deal in particular caused a stir: the birth of Howden Tiger. Intelligent Insurer revealed the news of Howden Group’s acquisition of TigerRisk Partners in June and went on to find out more in a candid, post-deal interview.
We caught up with key players Rod Fox and David Howden as they celebrated signing on the dotted line and discussed why they believe the combined business can disrupt the monopoly in the market and offer clients greater choice.
Intelligent Insurer also got the inside track on the huge loss portfolio transfer deal in which Enstar took on $3.12 billion of net loss reserves, subject to a limit of $3.6 billion, from Aspen.
David Ni, chief strategy officer at Enstar, was at the forefront of negotiations and spoke about how they got this landmark transaction across the line. He explained how such a large book of legacy reserves will sit within Enstar’s existing portfolio.
Looking for growth
Growth was a recurring theme over the past couple of months as NewRe’s CEO, Thomas Braune, and CUO, property & casualty, Dirk Herrenpoth joined Intelligent Insurer to talk about the company’s future.
They discussed how growth plans have been affected by the welcome arrival of a hard market in certain classes and the not-so-welcome hikes in inflation. The pair talked about their preparation for 1/1 renewals and the major talking points for the Monte Carlo Rendez-Vous in September.
On top of a packed issue of interviews and analysis, we have put together a special Latin America focus to examine why more re/insurers are looking to the region for expansion.
It includes a raft of interviews with those in the know from Patria Re, Deutsche Rück and Austral Re, and two in-depth panel discussions to debate the reasons behind such opportunities, as well as the pitfalls to watch out for.
With August 2022 drawing to a close, all eyes are turning to Monte Carlo. For most in the industry the return of the in-person event after two long years is very welcome.
If you’re going to Monte Carlo, we look forward to seeing you there.
Claire Churchard is senior editor of the Newton Media insurance group
Image: shutterstock.com / maradon 333
