Insurance news, interviews, rating announcements and more.
Everest Group’s Andrade: Supply and Demand Gap, Pent-Up Demand to Drive Higher Prices
A sizable supply and demand gap lingers and pent-up demand from cedents continues to grow, which could result in terms and conditions remaining tight, said Everest Group President and Chief Executive Officer Juan Andrade. He spoke with AM Best TV at Rendez-Vous de Septembre in Monte Carlo.
EY’s Santenac: Rendez-Vous Atmosphere Optimistic
Discussions have highlighted growth, acquisition and development of new products, solutions and opportunities, said Isabelle Santenac, global insurance leader, EY. Santenac spoke with AM Best TV at Rendez-Vous de Septembre in Monte Carlo.
Howden Tiger’s Flandro: Capital Pathway, Collateralized Cover Drive Investor Changes
Attitude of investors is different from last cycle, as now capital largely goes through the ILS market while collateralized cover enters the market, said David Flandro, head of industry analysis and strategic advisory, Howden Tiger. He spoke with AM Best TV at Rendez-Vous de Septembre in Monte Carlo.
Hiscox Re’s Reardon: ILS Market Is Still Rebalancing
While macroeconomic concerns about portfolios exist, the ILS market could have a new player, cyber, which has growth potential, rate adequacy and an attractive risk profile, said Kathleen Reardon, CEO, Hiscox Re & ILS. Reardon spoke with AM Best TV at Rendez-Vous de Septembre in Monte Carlo.
AM Best Officers: Third-Party Assessments Can Help Insurers Evaluate MGAs
Successful managing general agents focus on underwriting, providing coverages and innovating, rather than simply promising their clients growth, said Matthew Mosher, president and CEO, AM Best Rating Services, and Andrea Keenan, EVP & chief strategy officer, AM Best. They spoke with AM Best TV at Rendez-Vous de Septembre in Monte Carlo.
Cyber Panel: Insurers, Reinsurers Think About Cyber Differently
A panel of industry experts at the Rendez-Vous de Septembre in Monte Carlo said a large gap remains between coverage needed and protection bought.