As part of Carrier Management’s new ExecTalk series, Tracey Gibbons, senior vice president, underwriting, at Third Point Re, discusses how COVID-19 has been a wake-up call for the re/insurance industry. In a video filmed in early September 2020, Gibbons addresses the challenges that reinsurers face when underwriting pandemic risk, how COVID-19 has affected carriers’ appetite for pandemic risk, the growing awareness within the industry of the potential for hidden pandemic exposures, and the feasibility of government backstops for pandemic risk.

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In March 2019, independent broker Lockton, sensing that a consolidating reinsurance market was lacking choice, made a major commitment to globally expand its reinsurance operations. Since then it … Read More »

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In March 2019, independent broker Lockton, sensing that a consolidating reinsurance market was lacking choice, made a major commitment to globally expand its reinsurance operations. Since then it has attracted a roster of talent with considerable experience. Two of these Lockton experts, Tim Gardner and Ross Howard, are well known in reinsurance circles. Gardner is today the global CEO of Lockton Re and Howard is global chairman. They see Lockton Re on the road to becoming the third largest reinsurance broker. Here Gardner from the U.S. and Howard from London talk about Lockton Re’s approach to creating choice, the difference experienced talent and state-of-the-art analytics make, the effect of the pandemic, and how this hard market differs from others.

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According to Inder-Jeet “IJ” Gujral, reinsurance is on the “cusp of fairly remarkable change over the next several years.” Gujral is founder and CEO of Machine Cover, an … Read More »

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According to Inder-Jeet “IJ” Gujral, reinsurance is on the “cusp of fairly remarkable change over the next several years.” Gujral is founder and CEO of Machine Cover, an InsurTech that provides technology needed to bring parametrics into the insurance and reinsurance marketplaces. Recently, he spoke with Carrier Management Editor Mark Hollmer about the juxtaposition of parametrics and reinsurance and what he thinks about reinsurance innovation so far. Also in the mix: A little bit about Byzantine history, of which Gujral is a fan.

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Chirag Shah, Executive Vice President, Casualty Reinsurance at Willis Re, discusses how the COVID-19 crisis is affecting liability trends. During an interview conducted early September for this podcast, … Read More »

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Chirag Shah, Executive Vice President, Casualty Reinsurance at Willis Re, discusses how the COVID-19 crisis is affecting liability trends. During an interview conducted early September for this podcast, Shah pointed to the significant market correction taking place in the North American liability space, driven by social inflation and adverse loss development. Nevertheless, Shah says, there has been an increased demand for casualty reinsurance as insurers confront threats to both the asset and liability sides of their balance sheets – and look to reinsurers for more solutions to help them with their evolving needs.

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Lockton Re’s Tim Gardner, global CEO, and Ross Howard, global chairman, have been through their share of hard markets. But no two hard markets are exactly the same. … Read More »

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Lockton Re’s Tim Gardner, global CEO, and Ross Howard, global chairman, have been through their share of hard markets. But no two hard markets are exactly the same. Here they explain what’s different this time around.

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What company would relocate its corporate offices in the middle of a pandemic? Well, Badger Mutual recently did just that – moving from the outskirts of Milwaukee right … Read More »

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