The Reinsurance Podcast

Europe’s MGAs are evolving from distribution channels into sophisticated underwriting businesses. Magnus Heimann, Head of MGA Europe at Augment Risk, joins Ben Rose in Baden-Baden to discuss why that shift is attracting new sources of capital. They explore how underwriting expertise, real-time data and operational capability can build confidence among capacity providers, alongside the growth of specialist and multi-territory MGAs. Magnus also explains why capital structures should reflect a business’s ambitions over the next three to five years, before considering AI’s role in underwriting and a question for the industry: how will the next generation build the relationships the market still relies on?EPISODE LINKS:Augment Risk: https://augmentrisk.com/OUTLINE & TIMESTAMPS00:00 Introduction00:20 Magnus Heimann joins Ben Rose in Baden-Baden00:47 A softer market and sustainable growth01:30 MGAs move beyond distribution02:18 Data, technology and talent03:06 Why alternative capital is looking at MGAs03:48 Specialist and multi-territory MGA models04:36 Matching capital to long-term ambitions05:37 AI, underwriting and the next generation’s relationships06:48 The outlook for 1/1 renewalsCONNECT WITH US:Say Hello: [email protected]: https://www.supercede.comLinkedIn: https://www.linkedin.com/company/supercedehqTwitter: https://twitter.com/SupercedeHQYouTube: https://www.youtube.com/@SupercedeHQRSS Feed: https://anchor.fm/s/7e741c8c/podcast/rss

A quiet hurricane season can tell you less about risk than you think. Bernhard Reinhardt, Vice President of Catastrophe and Risk Solutions at Verisk, joins Ben Rose in Baden-Baden to explain why similar loss outcomes can have very different meteorological causes. They discuss how El Niño can redistribute risk between regions, why catastrophe models need a consistent view of atmospheric conditions, and what that means for understanding correlations across a portfolio. Bernhard also explores the shift from built-in AI chatbots towards tools that connect with insurers’ own systems, before sharing his advice for buyers approaching 1/1: maintain a sound underlying view of risk, whatever the market is doing.EPISODE LINKSVerisk: https://www.verisk.com/OUTLINE & TIMESTAMPS00:00 Introduction00:20 Bernhard Reinhardt returns to Baden-Baden00:50 Speed, transparency and data in the reinsurance market01:51 Two quiet hurricane seasons, different underlying causes03:08 Frequency perils and the wider catastrophe picture04:15 El Niño and the redistribution of risk05:02 Connecting catastrophe models through shared atmospheric data05:59 AI, automated workflows and access to model insights07:10 Why clients want AI connected to their own systems08:12 Advice for buyers approaching 1/1CONNECT WITH US:Say Hello: [email protected]: https://www.supercede.comLinkedIn: https://www.linkedin.com/company/supercedehqTwitter: https://twitter.com/SupercedeHQYouTube: https://www.youtube.com/@SupercedeHQRSS Feed: https://anchor.fm/s/7e741c8c/podcast/rss

A reinsurance programme that can be placed today is not necessarily a sustainable solution for the years ahead. Charlie Bartlett, Head of P&C North, Central & Eastern Europe at SCOR, joins Ben Rose in Baden-Baden to discuss what cedents need from their reinsurers as the market softens. They explore the protection gap left by the 2023 market reset, growing interest in parametric cover, and why spread-loss products could offer a more durable response to frequency losses. Charlie also explains why underwriting discipline and doing the deal need not be opposing goals, and shares his advice for buyers approaching 1/1.EPISODE LINKS:Charlie’s LinkedIn: https://www.linkedin.com/in/charlie-bartlett-39159b3/SCOR: https://www.scor.com/en/pc-reinsuranceOUTLINE & TIMESTAMPS00:00 Introduction00:21 Charlie Bartlett joins Ben Rose00:52 Why renewal detail matters more in a changing market02:38 Frequency losses and growing interest in parametric cover03:51 The risk of returning to unsustainable annual aggregate covers05:02 Spread-loss products and multi-year protection06:12 The protection gap after the 2023 market reset07:24 Balancing underwriting discipline and commerciality08:55 Why broad market labels miss the point09:42 Growing the reinsurance market through new solutions10:21 Digital infrastructure, AI and emerging risks11:03 AI’s impact on day-to-day reinsurance11:57 Advice for buyers approaching 1/1CONNECT WITH US:Say Hello: [email protected]: https://www.supercede.comLinkedIn: https://www.linkedin.com/company/supercedehqTwitter: https://twitter.com/SupercedeHQYouTube: https://www.youtube.com/@SupercedeHQRSS Feed: https://anchor.fm/s/7e741c8c/podcast/rss

A softer market could give reinsurance buyers a reason to think beyond their next annual renewal. Kirill Savrassov, CEO of Phoenix CRetro and convenor of The Fundamentals of ILS, joins Ben Rose in Baden-Baden to discuss the growing role of insurance-linked securities. They explore what investors learn from a falling market, why data centres could open a new chapter for ILS, and the appeal of multi-year catastrophe-bond protection. Kirill also explains why understanding investors’ motivations matters for buyers considering alternative capital.EPISODE LINKS:Kirill’s LinkedIn: https://www.linkedin.com/in/kirill-savrassov/The Fundamentals of ILS: https://ils-course.com/Phoenix CRetro: https://www.linkedin.com/company/phoenix-cretro-re/OUTLINE & TIMESTAMPS00:00 Introduction00:28 Understanding ILS from three perspectives01:35 Learning how investors and risk buyers think02:32 Lessons from the Swiss summer school03:14 Alternative capital in a softer market04:14 New capital and new opportunities04:31 Could data centres be the next chapter for ILS?05:17 The case for a single data-centre policy06:21 New sponsors and multi-year catastrophe-bond protection07:18 ILS as part of mainstream reinsurance capacity08:14 The outlook for 1/1 and the market cycle09:19 Closing remarksCONNECT WITH US:Say Hello: [email protected]: https://www.supercede.comLinkedIn: https://www.linkedin.com/company/supercedehqTwitter: https://twitter.com/SupercedeHQYouTube: https://www.youtube.com/@SupercedeHQRSS Feed: https://anchor.fm/s/7e741c8c/podcast/rss

Credit is attracting new insurers, MGAs and reinsurers, while banks are looking for capital relief and room to grow. Alexander Georgetti, Gallagher Re’s Executive Director for Global Credit, Surety and Political Risk, joins Ben Rose in Baden-Baden to discuss what is driving demand and where exposures can accumulate. They explore data-centre growth, sovereign debt, specialist underwriting and AI’s role in managing existing portfolios, before looking ahead to the competitive dynamics of 1/1 renewals.EPISODE LINKS:Alexander’s LinkedIn: https://www.linkedin.com/in/alexander-xander-georgetti-acca-632322b3/Gallagher Re: https://www.ajg.com/gallagherre/OUTLINE & TIMESTAMPS00:00 Introduction00:41 New entrants and capacity in credit01:26 Bank demand and capital relief02:01 Profitability and the loss environment03:17 MGAs and specialist underwriting04:34 Aggregation challenges in credit05:21 Data centres and exposure across classes05:57 Sovereign debt and emerging losses06:28 AI in underwriting and portfolio management07:46 Why personal relationships still matter08:10 The outlook for 1/1 renewalsCONNECT WITH US:Say Hello: [email protected]: https://www.supercede.comLinkedIn: https://www.linkedin.com/company/supercedehqTwitter: https://twitter.com/SupercedeHQYouTube: https://www.youtube.com/@SupercedeHQRSS Feed: https://anchor.fm/s/7e741c8c/podcast/rss