Interviews

Rate increases are now universal in the property cat markets, the Gallagher Re executive said.

The commercial insurance CEO said that the industry should act now before the cat market reached a point of implosion.

Beazley’s own in-house ESG goals were put under as much scrutiny by its third-party capital providers as its underwriting strategies when the insurer launched ESG-focused Syndicate 4321 at the start of this year.

The Dutch pension adviser hopes to scale the vehicle to $2bn-$2.5bn over time, as it reported a slightly negative ILS return for 2021 and revealed Integral ILS allocation.

The firm will look to grow its offerings on climate change and natural catastrophe risk.

Inflationary pressure and climate change meant the market effectively gave ground to cedants despite nominal price rises.

Nephila will maintain a minority holding in the MGA, which is looking for paper from more reinsurers and ILS firms.

After raising around $150mn to open its Nanorock fund, Ledger Investing believes casualty business is set to capture more investor interest.

“It's at the five- and 20-year return periods where insurers have to start looking and be worried about making sure these models capture these events,” Clark told this publication in an interview.

The broker must ensure it is “leaving no stone unturned” in its search for capital, according to president and CEO of North America Pete Chandler.

Willis Re international chairman James Vickers said that the ILS market played a strong role in the Florida renewals, but it was becoming more difficult to judge the overall impact of the sector as more capacity stays behind rated balance sheets.

Cat bonds are an efficient and well-targeted answer for insuring charitable spending, according to Adam Bornstein, leader of the team at the Danish Red Cross, which oversaw the issuance of its debut cat bond covering volcanic eruptions.