Episodes
What should we expect in the world of deal-making in 2025? According to Tony Ursano of Insurance Advisory Partners, the stage is set for a spree of transactions. In Lloyd's, it's a question of when, not if deals will take place. Meanwhile, the MGA market remains "red hot". Plus, Insurance Insider editor Fiona Robertson discusses the key messages from the London Market Conference.
Published 11/21/24
Lloyd's ambitions to attract large corporates to the marketplace is well known. But how has one of its major coups - the re-entry of Aviva via the acquisition of Probitas - impacted growth?Underwriting director for specialty and property investors Matt Gordon explains how the Lloyd's platform is a "massive enabler" of the carrier's ambitions to grow its specialty book to $1.5bn over the next five years. In particular, it provides the opportunity to increase its geographical spread and partici...
Published 11/07/24
How do you build a $400mn MGA? Navium Marine CEO Clive Washbourn told Behind the Headlines that his business is a "fighter jet" out hunting for deals. Navium has built scale by taking on risk "in a fairly aggressive way" with large line sizes available to deploy. Whilst the marine market is now coming under pressure, Washbourn still thinks there is "robustness" in rating, although making money in the volatile Red Sea war market is challenging.Plus, Insurance Insider's Fiona Robertson explains...
Published 10/24/24
How is the market positioned to withstand Hurricane Milton?In this episode of Behind the Headlines, Insurance Insider editor Fiona Robertson gives an early take on what this devastating storm may mean for the market.Also in this episode, Samuel Casey sits down with Dominick Hoare, group chief underwriting officer for Munich Re Specialty Markets. Munich Re may be famed as a reinsurer, but the carrier has a large and growing specialty insurance operation, which is now set on boosting its geogra...
Published 10/10/24
We may be in the midst of US hurricane season, but international catastrophe losses can emerge at any moment. And frequently over the past couple of years, surprise losses have been driven by secondary perils: with Canada, Europe, Dubai and New Caledonia all among the zones of interest this year. Hiscox Re & ILS’s head of international Nick Orton rebuts the idea that international cat underwriters are not pricing for these secondary perils – but says that remaining on top of t...
Published 09/26/24
Lloyd's of London is the world's oldest and most famous insurance marketplace, but how does it remain relevant to the 21st century economy?Listen in as Lloyd's chairman Bruce Carnegie-Brown examines the need to 'double down on innovation' to curb impact from the burgeoning intangible asset risks and how the industry can approach this new landscape.In addition, Bruce explains how the Corporation is continuing with its "elephant hunting" strategy, as it looks to attract more major corporates to...
Published 09/12/24
Listen in as Dale Underwriting's CEO Duncan Dale discusses expansion plans following landmark CVC deal and gives his views on the casualty market. Dale also outlines his ambition to partner with third parties through the company's managing agency. Plus, Insurance Insider Editor-in-Chief Catrin Shi brings you the latest on the property market following the launch of a new Marsh facility.
Published 08/29/24
Insuring the transition is frequently touted as a major growth opportunity, but when it comes to renewable energy, complications abound. Natural catastrophe, evolving technology, and data scarcity all add to the complexity of underwriting in the class. GCube's Fraser McLachlan has been operating in the renewables sector over several market cycles, and gives his insight on the latest dynamics in the class. Plus, Insurance Insider editor Fiona Robertson digests the highlights from first ha...
Published 08/15/24
What is the purpose of the Underwriting Room in the post-Covid working world? According to Lloyd's Market Association CEO Sheila Cameron, the Room remains the "beating heart" of the London insurance ecosystem, and there is "overwhelming support" to maintain it. In her role at the LMA, Sheila has a unique insight into what is top of the agenda for all 55 managing agents. Tune in to the podcast to get the latest on Blueprint Two, the state of regulation, and leadership diversity. Plus Insu...
Published 08/01/24
Listen in as Aegis London CEO Alex Powell discusses how to underwrite profitably through the cycle, the carrier’s growth in the cyber market, and the company’s future strategy. Also in this episode, Insurance Insider's Rachel Dalton discusses developments in the Japanese broking market.
Published 07/18/24
Listen in as Luis Prato, president of the UK and MENA for Liberty Specialty Markets, discusses the role of London within Liberty’s global business, the future strategy of the carrier, and the art of risk selection as a driver for performance.Also in this episode, Insurance Insider Editor-in-Chief Catrin Shi brings you the latest on Lloyd's strategy to build a $100bn market.
Published 07/04/24
In this episode, Liberal Democratic parliamentary candidate for the City Edward Lucas discusses the importance of financial services in the political debate. Plus, Insurance Insider's team brings you the latest on R&Q's provisional liquidation and large solar losses in the United Arab Emirates.
Published 06/20/24
In this episode, Hiscox London Market CEO Kate Markham discusses the carrier's AI lead underwriting project with Google Cloud, and the opportunity the insurer sees underwriting energy transition business in the Lloyd's marketplace. And Insurance Insider lead reporter Rachel Dalton explains the status of casualty reserving in the London market.
Published 06/06/24
Listen in as BMS UK CEO Ian Gormley shares key takeaways from RIMS, changing dynamics in the property E&S market, and BMS expansion plans in 2024.Also in this episode, Insurance Insider ILS Editor-in-Chief Fiona Robertson discusses the findings from the London Market Group's London Matters report, and why casualty was top of the agenda in the latest Lloyd's market message.
Published 05/23/24
Convex CEO Paul Brand discusses building and running a $4bn (re)insurer. And Insurance Insider's Rachel Dalton provides an update on Dubai flooding and reinsurance coverage in the Middle East.
Published 04/25/24
Insurance Insider lead reporter Rachel Dalton runs down the key highlights of the 1.4 reinsurance renewals as capacity returned to the market. Howden Re's head of terrorism and political violence Sandy Warne explains how the political violence insurance market is responding to a period of war and geopolitical upheaval, in a year when around 40% of the world's population are heading to the polls.
Published 04/11/24
In this episode:
The latest from the marine market as it weighs up the implications of the bridge collapse in Baltimore. Early indications are the claim could eclipse losses from Costa Concordia, stretching into the billions.
We also hear from, head of innovation at CFC George Beattie as he breaks down the opportunities CFC sees in the carbon market, following its recent entry into the class of business.
Published 03/28/24
In this episode:
Insurance Insider editor in chief Catrin Shi helps unpack Lloyd’s preliminary 2023 results, and offers her perspective on Aviva’s acquisition of Probitas.
Incoming chief underwriting officer at Tokio Marine Kiln Vivek Syal gives his outlook for the business and broader underwriting conditions.
We also discuss the Tokio Marine Kiln’s view on treaty reinsurance, after it exited the class of business in 2022. Syal said that a potential re-entry is not off the table, if the...
Published 03/14/24
Alistair Swift – head of global lines of business, corporate risk and broking at WTW – tells Behind the Headlines we are past the peak of the hard market.
Underwriters are like black cab drivers and are only ever going to talk the market up. Growth ambitions are increasing competition and putting pressure on rates. A desire to expand is being driven by broadly adequate rates across most classes. Editor-at-large Adam McNestrie provides in-depth analysis for Lloyd’s strategy through to 2025,...
Published 02/29/24