A.M. BestTV at Rendez-Vous: Reinsurers Race Against Whirlwind of Changes

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FOR IMMEDIATE RELEASE

OLDWICK - SEPTEMBER 10, 2018 01:11 PM (EDT)
In this ^A.M.BestTV episode from the 2018 Les Rendez-Vous de Septembre (Rendez-Vous) conference in Monte Carlo, Monaco, reinsurers and related professionals gather amid an evolving landscape and challenging market conditions. Click on http://www.ambest.com/v.asp?v=rvs1918 to view the entire program.

Attendees say companies need to adapt or they will vanish, while pricing pressure, alternative capacity, market consolidation and capital management also are capturing industry attention.

“I think that the leading topic is going to be what is in store for pricing terms and conditions,” said Robert DeRose, senior director, A.M. Best. “People are very concerned about who their partner is today and whether their partner will be around for the long term. Therefore, mergers and acquisitions are on everyone’s mind in terms of when they transact business, since they want to make sure that they are dealing with a partner that has the relevance and the longevity in the market to be a partner over the long term.”

“One theme is certainly going to be the convergence between alternative capacity and traditional reinsurance companies,” said Stefan Holzberger, chief rating officer, A.M. Best. “We’ have seen some pretty big mergers and acquisitions….…What we are seeing there is this partnership between alternative capital and traditional reinsurance providers: building scale, lowering the cost of capital and earning fee income from utilizing alternative capacity where they are not necessarily on the hook from a capitalization or risk-bearing standpoint.”

Other people that appear in this episode:

• Nick Charteris-Black, managing director, market development, EMEA, A.M. Best;


• Anthony Diodato, managing director, A.M. Best;


• David Flandro, global head of analytics, JLT Re;


• Franz-Josef Hahn, chief executive officer, Peak Re; and


• Mark Watson, chief executive officer, Argo Group.

For full video coverage of the Rendez-Vous conference, including exclusive executive interviews, visit http://www.ambest.tv/rvs18 .

Recent episodes of ^A.M.BestTV include:

• Glut of Reinsurance Capacity Constrains Post-Catastrophe Pricing, Say A.M. Best Analysts: DeRose and Associate Director Scott Mangan say disappointing reinsurance renewals in the wake of the 2017 catastrophes provided minimal pricing increases, leaving market dynamics relatively unchanged: http://www.ambest.com/v.asp?v=globalre918 .


• Changes Among Reinsurance Rankings Reflect Dynamic Market, Say A.M. Best Analysts: Mangan and Financial Analyst Victoria Ohorodnyk discuss changes in the lineup of the largest global reinsurers and how mergers and acquisitions, market developments and economic trends affect those changes: http://www.ambest.com/v.asp?v=globalreinsurerslist918 .

^A.M.BestTV covers exclusive A.M. Best and insurance industry information and reports, targeted topics and key developments in the insurance, reinsurance and related sectors daily. Sign up for alerts of episodes at http://www.ambest.com/multimedia/ambtvsignup.html . View ^A.M.BestTV episodes at http://www.ambest.tv .

A.M. Best is a global rating agency and information provider with a unique focus on the insurance industry.