According to James Kent, president, Willis Re North America, the influx of new capital into the reinsurance market has created more change in the past three to five years than in all prior years.
Shaun Tarbuck, Chief Executive at the International Cooperative and Mutual Insurance Federation, reports that mutual and cooperative insurers have gained three points of market share in the past seven years.
Andrew Armitstead, executive officer at United Independent Pools of Australia, describes how his mutual organizations is developing new offerings to meet the liability needs of local governments in his country.
Dr. Christoph Lamby of R+V Versicherung AG details the risks facing global reinsurers. Lamby sees opportunities in Asia, marine and other areas.
Greg Lockard, reinsurance manager, Shelter Re, discusses how the impact of alternative capital is being felt in terms, conditions and timing of reinsurance arrangements.
Dr. Steven Weisbart, chief economist with the III, said the insurance industry handled claims from Sandy well. Weisbart said the biggest surprise was how many people purchased flood insurance afterward.
The outlook for reinsurance in Argentina is discouraging, but growth and construction in Colombia and Panama mean Latin America remains an area of rising opportunity, accoring to Javier Vijil.
Willis Re Executive Vice President Robin Swindell said mutual insurance companies are regularly joining together for catastrophe and other forms of reinsurance coverage.
Clive O'Connell of the firm of Goldberg Segalla outlines the features of insurance linked securities that prove to be a draw for mutual insurers. But the relationship-based nature of reinsurance may offer advantages, he said
Paul Koronka, CEO, Regis Mutual Management Ltd., said his organization continues to form new mutual insurance companies but solvency regulations mean taking new approaches to their structure.
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