Insider US Virtual 2020 | Insurance Insider | 14 May 2020 | Virtual Event

There is a renewed sense of opportunity in the global (re)insurance industry, with pricing finally rebounding after years of reducing rates and anaemic returns.

However surging loss costs in the US casualty market in particular have been a theme of the third-quarter results season, with issues spread across commercial auto, general liability, medical malpractice and D&O creating mounting fear within the market.

In particular, concerns over social inflation and a challenging tort environment in these lines continue to be a prevailing theme, with several carriers stressing that the impact of these trends may not be fully understood for many years to come - providing the market with a real sense of “fear” for the first time in years.

We have also witnessed a renewed emphasis on underwriting discipline in 2019 with market participants citing income statement pressures and a change in risk appetite as the predominant drivers of the change in the pricing environment. However, the question remains how long this discipline will last without further losses from either catastrophes or emerging balance sheet issues from long-tailed lines. Indeed, the market is likely to see the true test of its renewed rationality on competition towards the middle of next year when accounts that saw significant increases last year are up for renewal and face the prospect of “rate on rate”. At that point, we will have a true test of whether there is more fear or rate in the market, and whether the excess supply of capacity on the side-lines will reassert itself and compete away the gains.

2020 Speakers

Patrick Bousfield
Executive Director, Capsicum Re

Jason Busti
President, North America, AXIS Re

Elizabeth Geary
CUO, North America, TransRe

Kieran Dempsey
Executive Vice President, Chief Underwriting Officer, Ryan Specialty Group

Elissa Doroff
Vice President and Product Manager, AXA XL

David Flandro
Managing Director, Analytics, Hyperion X

Dan Glaser
President and CEO, Marsh & McLennan Companies

Paul Horgan
Head of U.S. Commercial Insurance, Zurich North America

John Howard
Chairman and CEO, BB&T Insurance Holdings, Inc.

Dinos Iordanou
Former Chairman and CEO, Arch Capital Group

Lara Mowery
Managing Director, Head of Global Property Specialty, Guy Carpenter

Prashant Pai
Vice President, Head of Cyber Solutions Business, Verisk

Bryan Schofield
Senior Vice President, Commercial Lines, Orchid Insurance

Tony Ursano
Group CFO, Hamilton Insurance Group

Karen White
CEO, RMS

Chris Williams
Senior Managing Executive Officer, Co-Head of International Business, Tokio Marine

Keith Wolfe
President, US P&C, Swiss Re

Greg Wolyniec
President & CEO, Ascot U.S.

2020 Sponsors

• Invesco
• ORCHID
• REIN4CE
• Sequel
• WNS
• S&P Global Market Intelligence