Insurance Insider - Behind the Headlines Sam Casey

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. 

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.  

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. 

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 conditions are right.

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, as Lloyd’s looks to become a $100bn marketplace. 
The Corporation is going ‘big game hunting’ to attract major global insurers to the market.Lloyd’s is looking to capitalise further on the booming excess & surplus market in the US.Tensions could emerge around hitting growth ambitions and retaining strong underwriting results, as stellar performance is anticipated for 2023.