reinsurance broker

Buyers and sellers are energised by the opportunity to unlock long-tail casualty risk through insurance-linked securities (ILS), with this momentum driving a broader transformation in the legacy reinsurance market, shifting it from one-off liability transfers toward long-term, strategic partnerships, according to Howden Re.

Global broker Aon and risk modelling, data and analytics specialist Moody’s have said that they see the annual premiums from the casualty catastrophe reinsurance market as a potential $5 billion opportunity, with a named peril focus seen as the best way to foster development of the segment.

As per David Flandro, Managing Director, Head of Industry Analysis and Strategic Advisory at reinsurance broker Howden Re, “if it wasn’t obvious already, we are now firmly in the hard market softening phase of the rating cycle.”

Findings from a new survey released by broker Aon has highlighted a significant gap in catastrophe model utilisation, which can ultimately impact how re/insurers assess risk, structure capital and respond to disaster scenarios.

Aon has announced some senior promotions within its Reinsurance Solutions division, with Andrew Laing to become UK CEO for Reinsurance and Rupert Moore taking on a new role as CEO of Reinsurance for Asia Pacific and Chairman of the Strategy and Technology Group for that region.

Reinsurance broker Guy Carpenter has appointed property catastrophe retrocession and collateralized reinsurance specialist, Matthew Flynn, to the newly created role of Head of Global Clients for its Global Specialties business.

Jens Ziser, Managing Director, Treaty Reinsurance at Ecclesia Re, the reinsurance broker of Ecclesia Group, has expressed his belief that insurance-linked securities (ILS) pertaining to casualty risks will play a vital role in the capacity strategy of the future.

McGill and Partners, the boutique risk solutions and broking firm, has hired Julia Henderson to lead its Bermuda business as CEO, while its London-based reinsurance treaty specialist George Cantlay has been named as President, Bermuda.

Gallagher Re, the global reinsurance broker, on behalf of the Southeast Asia Disaster Risk Insurance Facility (SEADRIF Insurance Company), has structured and placed a parametric re/insurance programme for the government of Lao PDR.

As the insurance-linked securities (ILS) market continues to evolve, one of the most significant emerging areas is casualty ILS, and Jag Jass, Partner, Retrospective at reinsurance broker Augment Risk, argues that every casualty ILS transaction should also include built-in exit options with the legacy market to help expand and deepen that base.