Willis Re CEO sees brokers reinventing themselves…delivering value through innovation. As part of the Innovation Executive Video series, Willis Re’s Global CEO John Cavanagh talks about how brokers are reinventing their role and delivering value through innovation. Mr. Cavanagh says the insurance industry is going through significant change, and technology is driving much of that change. While insurance plays an important role in society, he believes the industry is “open for disruption” given … Read More
(Re)insurers seeking growth are running to emerging risks…rather than away – Aon Benfield’s Head of Strategy With losses from Hurricane Mathew and other catastrophe losses, 2016 has seen the highest loss activity in three years. Even so, according to Andrew Marcell, Global Head of Strategy at Aon Benfield, the impact on rates in property reinsurance will be fairly minimal. There are numerous emerging risks from new technologies and the sharing economy. For instance, Aon reports a … Read More
Lessons from Matthew, Protection Gap & (Re)Insurance Growth Strategies with Swiss Re’s Ningen Monica Ningen, Head Property Underwriting US & Canada at Swiss Re, discusses how Hurricane Matthew served as a reminder for insurers. She also addresses the Protection Gap and product development and distribution strategies evolving in the insurance and reinsurance market. Hurricane Matthew, while not as big a loss as was predicted, was a reminder that a big event is possible. As a … Read More
Insurers finding “relevance” in Big Data and “Holistic Lifestyle” coverage Bryon Ehrhart , Global Head of Strategic Growth & Development at Aon Benfield, discusses the threats and opportunities in today’s insurance market. Mr. Ehrhart says the threats do not surround the same issues faced 20 years ago after Hurricane Andrew and the Northridge Earthquake. Now that the industry has managed the risk down to lower levels of earnings and capital, … Read More
Aon Benfield exec sees alternative capital moving into commercial insurance market/casualty reinsurance. Bryon Ehrhart, CEO of the Americas at Aon Benfield, speaks with WRIN.tv about the issues affecting alternative capital in the reinsurance market during the recent S&P Insurance Conference. He says the growth in alternative capital has been driven by clients seeking to diversify their sources of catastrophe risk capital and met with investors looking to diversify their investment return. There … Read More
Brokers must add value to keep capital from “jumping the chain” – Aon Benfield Securities President World Risk and Insurance News speaks with Paul Schultz, President of AonBenfield Securities, about current trends in the insurance linked securities and Cat Bond market, as well as the evolving role of the reinsurance broker in executing these deals. According to Mr. Schultz, “2014 was a big year for Cat bonds and collateralized reinsurance.” There were a couple of very large … Read More
Monday Morning Headlines: January 5, 2015 Monday Morning Headlines are compiled by SNL Insurance and produced by WRIN.tv as a weekly video digest of the news making headlines in the U.S. Insurance industry. In this edition of Monday Morning Headlines: Lawsky seeks information from NY insurers on impact of TRIA expiration Lack of natural catastrophe activity keeps pressure on pricing Willis Re: Challenging conditions for reinsurers at January renewals 2014’s top insurance … Read More
