Reinsurance News
Monte Carlo Rendezvous news
The annual Monte Carlo Rendez-Vous de Septembre (RVS) is a key event in the reinsurance calendar with a more than 60 year history of reinsurers, brokers and their clients all meeting in the Principality of Monaco.
It signals the beginning of reinsurance industry meetings in the run-up to end of year reinsurance renewal negotiations and sees executive teams and underwriters, brokers, buyers, risk capital providers and industry service providers all meeting to set out their positioning for the important January renewal season.
Read all our news, interviews and coverage from the Monte Carlo reinsurance Rendez-vous below.
One of the biggest problems we have as an industry is coverage: ConnectUW CEO
17th September 2024
There are numerous issues from the soft market era that have not been addressed in the current market, and until they’ve been properly attended to, the re/insurance industry is going to end up where it started, according to Group CEO and CUO of Connect Underwriting, Jamil Elbahou. ConnectUW is a specialist ... Read the full article
Reinsurers remain “positively disposed” towards most specialty lines: KBW
16th September 2024
Following meetings with executives at the recently held 2024 Rendez-Vous de Septembre (RVS) in Monte Carlo, analysts at KBW have reported that reinsurers remain positively disposed toward most specialty lines, which primarily reflects the rate adequacy achieved in the aftermath of Russia’s invasion of Ukraine. Analysts also noted that reinsurers remain ... Read the full article
Bermudian reinsurers forecast modest property cat rate decreases at 1.1 renewals: KBW
13th September 2024
With both supply and demand for reinsurance coverage on the rise, Bermudian reinsurers expect property catastrophe reinsurance rates to be flat to mid-single-digit risk-adjusted decreases at the January 1st, 2025 renewals, according to analysts at KBW. Following meetings with 20 companies at the recent 2024 Reinsurance Rendezvous, KBW analysts noted that ... Read the full article
Carbon Underwriting forecasts £400m GWP from Syndicate 4747 & 5757 in 2025
13th September 2024
Carbon Underwriting, an independent managing general underwriter, estimates nearly £400 million in gross written premiums (GWP) under management in 2025 from its Syndicate 4747 and its newly launched Syndicate 5757. The launch of Syndicate 5757, the MGA’s vehicle for its strategic expansion into the US market, marked a significant milestone in ... Read the full article
PwC’s Jim Bichard stresses importance of net zero goals at 66th RVS
11th September 2024
Speaking in an interview at the Rendez-Vous de Septembre (RVS) in Monte Carlo, Jim Bichard, Global Insurance Leader, Partner, PwC, observed that while trading and renewals discussions are important, a longer-term view of the transition to net zero is needed. Commenting on the primary focus of PwC's conversations at this year's ... Read the full article
NewRe’s CEO optimistic on future growth, calls for reinsurance agreement transparency
11th September 2024
Despite experiencing a difficult year in 2023, NewRe's CEO Thomas Braune expects that the firm's growth from the past will continue. In addition to expressing confidence in the company's future, he emphasised the need for greater clarity and transparency in reinsurance agreements. Braune's comments stem from an interview with Reinsurance News ... Read the full article
Aon has been restructuring its risk business based on client need: President, Andersen
11th September 2024
Global insurance and reinsurance broking group Aon has been restructuring its risk business, based on what the firm has been seeing from client need, according to Eric Andersen, President of Aon. These comments stem from Andersen's speech at the Guernsey Finance reception held at the Monte Carlo Rendez-Vous event on Tuesday. During ... Read the full article
Discipline will help maintain market conditions with possible rate softening ahead: ReFlex CEO
11th September 2024
Discipline in the re/insurance market will be essential to enter a period of prosperity and a regular cycle with possible rate softening ahead, Neville Ching, CEO of ReFlex commented at Monte Carlo RVS 2024. Ching believes that the current market conditions can be sustained, as it seems that every sector is ... Read the full article
Bermuda emerges as key theme for RVS’24 at PwC’s events
10th September 2024
PwC hosted over 400 reinsurance executives across three events at the annual Rendez-Vous de Septembre (RVS) in Monte Carlo. The main takeaway from these meets was the pivotal role played by Bermuda in driving the future of reinsurance as the region sees an increased level of activity and interest in ILS ... Read the full article
Private equity plays a significant role in current M&A landscape: Howden’s Madea
10th September 2024
In a recent interview with Reinsurance News, Jarad Madea, CEO, Howden Capital Markets & Advisory, discussed what the underlying drivers of the hard market conditions are, and how they are currently impacting the insurance sector, as well as how organisations have responded to them. Madea stated that the hard market conditions ... Read the full article
Re/insurance industry to play key role in stabilising society in uncertain times: Lloyd’s CEO
9th September 2024
Speaking in PwC's executive breakfast briefing at the 66th Rendez-Vous de Septembre (RVS) in Monte Carlo, Lloyd's CEO John Neal emphasised the critical nature of the re/insurance market, noting that perhaps for the first time ever, it has a massive role to play in stabilising society. The CEO of the specialist ... Read the full article
Business infrastructure needs to be fortified to ensure the highest possible service levels: Lockton Re
9th September 2024
Reinsurance broker Lockton Re is planning to add between 80 to 90 new people to the company this year as part of its growing strategy as it focuses on growing the business’ infrastructure to deliver “the highest possible service levels.” “We continue to hire pretty dramatically. Although there has been a ... Read the full article
Long-term partnerships and stability key for QBE Re: Jamie Cook
9th September 2024
Global reinsurer QBE Re is in growth mode, and as the firm pivots towards a longer-term view of the business and the client base continues to shift, deeper and more enduring relationships are paramount, according to Jamie Cook, Chief Partnership Officer. Around the annual meeting of the reinsurance industry in Monte ... Read the full article
Munich Re is ready to accommodate strong demand from Europe & LatAm: Clarisse Kopff
9th September 2024
Demand for reinsurance protection is strong in Europe and is expected to remain so in 2025, but it’s important that structural corrections achieved in the past two years are maintained, according to Clarisse Kopff, Member of the Board of Management at Munich Re. Kopff is responsible for European and Latin American ... Read the full article
Prices and conditions to remain on a sustained stable level, says Hannover Re
9th September 2024
Large European reinsurer Hannover Re is seeing robust demand for “high-quality” reinsurance protection and is well placed for profitable growth ahead of the January 1st, 2025, reinsurance renewals. This morning, Hannover Re discussed current reinsurance market conditions and the outlook for the January 2025 renewals at the annual meeting of the ... Read the full article
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