Interviews

Allianz Global Corporate & Specialty (AGCS) is adding five new roles dedicated to ILS alongside an expansion of the ART team.

The reinsurer is ready to “walk away from business” where it feels pricing and terms and conditions are not good enough.

The Category 1 storm’s landfall on the east coast of Florida would be a “manageable” cat event that hurts primary carriers more than their reinsurers, he said.

Transparency and alignment of interests are the keys to expanding casualty ILS.

The Gulf Coast state is keen to distance itself from Florida’s insurance woes but is resistant to some underlying changes.

The HSCM co-founder said the cat reinsurance market was going through a profound shift that would open ILS opportunities for growth.

ILS risk-sharing should stick to peak risks, the reinsurer argued.

If Hurricane Andrew were to hit the coastal regions of Florida today, insured losses would be nearly four times the $15.5bn borne by carriers 30 years ago.

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.