The Reinsurance Podcast
- Episódios
- 366
- Publicação
- diária
- Último episódio
- 10 nov 2026
Sobre o podcast
Navigating the world of reinsurance can feel complex, but it doesn’t have to be dull. Join Jerad Leigh and Ben Rose—co-founders of Supercede and genuine reinsurance nerds enthusiasts—as they unravel the nuances of market dynamics. With industry expertise, they dive into the trends, challenges, and stories shaping the reinsurance landscape. Whether you're a seasoned professional or just looking for a little more knowledge to ensure the glazing over of eyes at parties, tune in for an engaging journey through the world of reinsurance!
Episódios 366
Baden-Baden #51 – Martin Spacek & Marek Goldbach: Why Cat Models Need to Work Across Platforms
What if a cedent could run catastrophe models from different providers on one platform and use the same exposure data for underwriting and reinsurance placement? Martin Spacek and Marek Goldbach of Aon’s Impact …
Notas do episódio
What if a cedent could run catastrophe models from different providers on one platform and use the same exposure data for underwriting and reinsurance placement? Martin Spacek and Marek Goldbach of Aon’s Impact Forecasting team join Ben Rose to explain where open standards are making that possible. They discuss the role of Oasis, growing interest in subsidence, landslide and wildfire models, and how their team uses AI to produce more detailed hazard data.
EPISODE LINKS:
Martin Spacek on LinkedIn: https://www.linkedin.com/in/martin-%C5%A1pa%C4%8Dek-9954b6a7/
Marek Goldbach on LinkedIn: https://www.linkedin.com/in/goldbachm/
Aon Impact Forecasting: https://www.aon.com/en/capabilities/reinsurance/catastrophe-model-insight
OUTLINE & TIMESTAMPS
00:00 Introduction
00:21 How the conversation in Baden-Baden has changed
01:04 Running catastrophe models from different providers on one platform
02:11 Connecting primary underwriting with reinsurance placement
02:40 Model updates and demand for subsidence, landslide and wildfire models
03:23 Who takes responsibility for AI outputs?
04:17 Using AI to map hazards at finer resolution
04:52 What model users expect from AI
CONNECT WITH US:
Say Hello: [email protected]
Website: https://www.supercede.com
LinkedIn: https://www.linkedin.com/company/supercedehq
Twitter: https://twitter.com/SupercedeHQ
YouTube: https://www.youtube.com/@SupercedeHQ
RSS Feed: https://anchor.fm/s/7e741c8c/podcast/rss
Baden-Baden #50 – Michael Steel: Can Casualty Models Catch Up with Property?
A property underwriter can see where a hurricane struck. A casualty underwriter may wait years to see how litigation plays out across a portfolio. Michael Steel, General Manager and Head of Insurance Solutions …
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A property underwriter can see where a hurricane struck. A casualty underwriter may wait years to see how litigation plays out across a portfolio. Michael Steel, General Manager and Head of Insurance Solutions at Moody’s, joins Ben Rose to discuss what litigation tracking, company data and common data standards could tell insurers about the losses still to come. They also discuss how insurers are using AI to query risk data and why a better understanding of catastrophe risk is drawing new capital into reinsurance.
EPISODE LINKS:
Michael Steel on LinkedIn: https://www.linkedin.com/in/michael-steel-5a661237/
Moody’s on the Praedicat acquisition: https://www.moodys.com/web/en/us/insights/announcements/moodys-and-praedicat-a-new-vision-for-casualty-insurance-risk-analytics.html
OUTLINE & TIMESTAMPS
00:00 Introduction
00:20 What Mike is hearing in Baden-Baden
01:10 Moving beyond property catastrophe models
02:42 What litigation data can tell casualty underwriters
04:02 Why casualty takes longer to measure
05:21 Building analytics that brokers, insurers and reinsurers can share
06:15 How AI is changing insurance analytics
07:18 Querying risk models and data in natural language
09:12 Why new capital is getting comfortable with catastrophe risk
10:40 Does better data lower barriers to entry?
11:12 Why relationships still matter at claims time
CONNECT WITH US:
Say Hello: [email protected]
Website: https://www.supercede.com
LinkedIn: https://www.linkedin.com/company/supercedehq
Twitter: https://twitter.com/SupercedeHQ
YouTube: https://www.youtube.com/@SupercedeHQ
RSS Feed: https://anchor.fm/s/7e741c8c/podcast/rss
Baden-Baden #49 – Leon Janeke: Bank the Savings or Buy More Reinsurance?
Last year, many cedents kept the savings from lower reinsurance prices. What could those savings buy at the next renewal? Leon Janeke of Marsh Re joins Ben Rose in Baden-Baden to discuss multi-year cover …
Notas do episódio
Last year, many cedents kept the savings from lower reinsurance prices. What could those savings buy at the next renewal? Leon Janeke of Marsh Re joins Ben Rose in Baden-Baden to discuss multi-year cover, protection against frequent losses and prepaid reinstatements. Leon explains why the share of insured losses still sitting with cedents matters when choosing between a lower premium and broader cover.
EPISODE LINKS:
Leon Janeke on LinkedIn: https://www.linkedin.com/in/leon-janeke-1024001b6/
Marsh: https://www.marsh.com/en/home.html
OUTLINE & TIMESTAMPS
00:00 Introduction
00:31 What buyers are hearing in Baden-Baden
01:08 Multi-year cover, frequency protection and reinstatements
02:24 How much of the loss stays with cedents?
03:19 Why more capital is entering reinsurance
03:55 Bank the savings or buy broader cover?
04:53 How local losses affect European renewals
05:58 Where brokers are already using AI
07:01 Does scale give larger firms an AI advantage?
08:26 Leon’s advice for 1 January renewals
CONNECT WITH US:
Say Hello: [email protected]
Website: https://www.supercede.com
LinkedIn: https://www.linkedin.com/company/supercedehq
Twitter: https://twitter.com/SupercedeHQ
YouTube: https://www.youtube.com/@SupercedeHQ
RSS Feed: https://anchor.fm/s/7e741c8c/podcast/rss
Baden-Baden #48 – Tom Spier: Should Insurers Build Their Own Placement Platforms?
If AI makes software cheaper to build, why would an insurer buy a reinsurance placement platform? Tom Spier, Chief Commercial Officer at Supercede, joins Ben Rose in Baden-Baden to discuss which tools insurers …
Notas do episódio
If AI makes software cheaper to build, why would an insurer buy a reinsurance placement platform? Tom Spier, Chief Commercial Officer at Supercede, joins Ben Rose in Baden-Baden to discuss which tools insurers might build themselves and why placement tracking depends on what their brokers already use. They also discuss the pressure on traditional reinsurers, the cost of bringing the market together in Baden-Baden, and whether AI cover will become part of existing policies or grow into a class of its own.
EPISODE LINKS:
Tom Spier on LinkedIn: https://www.linkedin.com/in/tomspier/
Supercede: https://supercede.com/
OUTLINE & TIMESTAMPS
00:00 Introduction
00:20 Ben and Tom in the Baden-Baden courtyard
00:57 What people are saying between meetings
01:51 Traditional reinsurers and the squeeze on distribution
03:18 Brokers, underwriting and alternative capital
04:36 Will the market keep coming back to Baden-Baden?
06:57 Can AI become a standalone insurance class?
08:51 How Supercede uses AI in its own work
09:58 Supercede’s growth ahead of 1/1
11:11 What insurers might build in-house
11:45 Why broker and cedent adoption matters
CONNECT WITH US:
Say Hello: [email protected]
Website: https://www.supercede.com
LinkedIn: https://www.linkedin.com/company/supercedehq
Twitter: https://twitter.com/SupercedeHQ
YouTube: https://www.youtube.com/@SupercedeHQ
RSS Feed: https://anchor.fm/s/7e741c8c/podcast/rss
Baden-Baden #47 – Jonathan Kimber: When Everyone Uses the Same AI
Could widespread adoption of the same AI tools create a single point of failure across an entire profession? Jonathan Kimber, Head of International Casualty & Cyber Treaty at MS Amlin, joins Ben Rose in …
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Could widespread adoption of the same AI tools create a single point of failure across an entire profession? Jonathan Kimber, Head of International Casualty & Cyber Treaty at MS Amlin, joins Ben Rose in Baden-Baden to explore that emerging accumulation risk. They discuss US casualty losses crossing borders, the value of cyber excess-of-loss protection without a major catastrophe, and why faster data capture only helps reinsurers if information reaches their systems. Jonathan also explains what he looks for in cedents and why client relationships and claims expertise remain central as technology advances.
EPISODE LINKS:
Jonathan Kimber on LinkedIn: https://www.linkedin.com/in/jonathan-kimber-54656592/
MS Amlin: https://global.msamlin.com/
OUTLINE & TIMESTAMPS
00:00 Introduction
00:20 Jonathan Kimber returns to Baden-Baden
00:52 Pricing pressure, capacity and evolving exposures
01:47 US casualty losses and international implications
03:40 Motor claims costs and class actions
05:02 Cyber’s protection gap and evolving reinsurance products
06:39 The value of cyber excess-of-loss cover
08:00 AI coverage and shared points of failure
10:05 Better data for casualty and cyber portfolios
12:27 What reinsurers look for in cedents
14:04 AI, efficiency and the relationship business
15:05 Continuity, consistency, clients and claims
CONNECT WITH US:
Say Hello: [email protected]
Website: https://www.supercede.com
LinkedIn: https://www.linkedin.com/company/supercedehq
Twitter: https://twitter.com/SupercedeHQ
YouTube: https://www.youtube.com/@SupercedeHQ
RSS Feed: https://anchor.fm/s/7e741c8c/podcast/rss
Baden-Baden #46 – Eran Charit & Kazimierz Layton: The Data Centre Risk Hiding in Credit
How much data-centre risk is accumulating through credit insurance? Eran Charit and Kazimierz Layton of Lockton Re join Ben Rose in Baden-Baden to explain how small positions across individual insurers can …
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How much data-centre risk is accumulating through credit insurance? Eran Charit and Kazimierz Layton of Lockton Re join Ben Rose in Baden-Baden to explain how small positions across individual insurers can become a meaningful aggregate exposure. They discuss the financing behind the AI boom, why geopolitical shocks can take months to reach credit portfolios, and growing demand for retrocession as risks become more concentrated. The conversation also covers alternative capital, MGA underwriting, the outlook for 1/1 renewals and using AI to accelerate analysis while retaining human judgement.
EPISODE LINKS:
Eran Charit on LinkedIn: https://www.linkedin.com/in/eran-charit/
Kazimierz Layton on LinkedIn: https://www.linkedin.com/in/kazlayton/
Lockton Re: https://global.lockton.com/re/en
OUTLINE & TIMESTAMPS
00:00 Introduction
00:20 Eran and Kaz return to Baden-Baden
01:20 Why alarming headlines can coexist with strong results
02:38 How geopolitical shocks filter into credit losses
04:23 Growing demand for credit retrocession
05:41 Fewer markets, greater concentration
06:29 The alternative-capital diversification problem
07:48 MGAs, underwriting authority and long-tail claims
10:12 Why the speed of change matters
11:22 Data centres and accumulating credit exposure
13:17 What could an AI bubble mean for credit?
14:57 Softening rates and the 1/1 renewal challenge
15:40 Sovereign debt and credit’s growing importance
17:24 AI, faster analysis and underwriting judgement
CONNECT WITH US:
Say Hello: [email protected]
Website: https://www.supercede.com
LinkedIn: https://www.linkedin.com/company/supercedehq
Twitter: https://twitter.com/SupercedeHQ
YouTube: https://www.youtube.com/@SupercedeHQ
RSS Feed: https://anchor.fm/s/7e741c8c/podcast/rss
Baden-Baden #45 – David Sowrey: Buying Reinsurance for the Next Hard Market
A softer market offers buyers more choice, but will today’s capacity still be there when conditions turn? David Sowrey, Executive Chairman and Partner at Acrisure Re International, joins Ben Rose in Baden-Baden …
Notas do episódio
A softer market offers buyers more choice, but will today’s capacity still be there when conditions turn? David Sowrey, Executive Chairman and Partner at Acrisure Re International, joins Ben Rose in Baden-Baden to discuss buying reinsurance that works through the cycle. He questions how much even a $50bn Miami storm might move a well-capitalised market, explains what separates stronger MGAs from the rest, and considers ceding commissions, Lloyd’s capacity and emerging AI risks.
EPISODE LINKS:
David Sowrey on LinkedIn: https://www.linkedin.com/in/david-sowrey-59259113/
Acrisure Re: https://www.acrisure.com/reinsurance
OUTLINE & TIMESTAMPS
00:00 Introduction
00:20 David Sowrey joins Ben Rose in Baden-Baden
00:33 Capital, softening and the $50bn storm question
01:33 Secondary perils and emerging AI risks
02:44 Buying reinsurance through the cycle
03:41 What separates the strongest MGAs?
06:08 Fronting, Lloyd’s and access to capacity
08:04 Ceding commissions and long-term relationships
09:20 AI, technology and real-time portfolio visibility
10:54 Casualty verdicts, convective storms and coverage gaps
12:18 The outlook for 1/1 renewals
CONNECT WITH US:
Say Hello: [email protected]
Website: https://www.supercede.com
LinkedIn: https://www.linkedin.com/company/supercedehq
Twitter: https://twitter.com/SupercedeHQ
YouTube: https://www.youtube.com/@SupercedeHQ
RSS Feed: https://anchor.fm/s/7e741c8c/podcast/rss
Baden-Baden #44 – Magnus Heimann: Why Capital Is Turning to European MGAs
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 …
Notas do episódio
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 & TIMESTAMPS
00:00 Introduction
00:20 Magnus Heimann joins Ben Rose in Baden-Baden
00:47 A softer market and sustainable growth
01:30 MGAs move beyond distribution
02:18 Data, technology and talent
03:06 Why alternative capital is looking at MGAs
03:48 Specialist and multi-territory MGA models
04:36 Matching capital to long-term ambitions
05:37 AI, underwriting and the next generation’s relationships
06:48 The outlook for 1/1 renewals
CONNECT WITH US:
Say Hello: [email protected]
Website: https://www.supercede.com
LinkedIn: https://www.linkedin.com/company/supercedehq
Twitter: https://twitter.com/SupercedeHQ
YouTube: https://www.youtube.com/@SupercedeHQ
RSS Feed: https://anchor.fm/s/7e741c8c/podcast/rss
Baden-Baden #43 – Bernhard Reinhardt: A Quiet Hurricane Season Is Only Half the Story
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 …
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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 LINKS
Verisk: https://www.verisk.com/
OUTLINE & TIMESTAMPS
00:00 Introduction
00:20 Bernhard Reinhardt returns to Baden-Baden
00:50 Speed, transparency and data in the reinsurance market
01:51 Two quiet hurricane seasons, different underlying causes
03:08 Frequency perils and the wider catastrophe picture
04:15 El Niño and the redistribution of risk
05:02 Connecting catastrophe models through shared atmospheric data
05:59 AI, automated workflows and access to model insights
07:10 Why clients want AI connected to their own systems
08:12 Advice for buyers approaching 1/1
CONNECT WITH US:
Say Hello: [email protected]
Website: https://www.supercede.com
LinkedIn: https://www.linkedin.com/company/supercedehq
Twitter: https://twitter.com/SupercedeHQ
YouTube: https://www.youtube.com/@SupercedeHQ
RSS Feed: https://anchor.fm/s/7e741c8c/podcast/rss
Baden-Baden #42 – Charlie Bartlett: What Buyers Should Demand from a Softer Market
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 …
Notas do episódio
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 & TIMESTAMPS
00:00 Introduction
00:21 Charlie Bartlett joins Ben Rose
00:52 Why renewal detail matters more in a changing market
02:38 Frequency losses and growing interest in parametric cover
03:51 The risk of returning to unsustainable annual aggregate covers
05:02 Spread-loss products and multi-year protection
06:12 The protection gap after the 2023 market reset
07:24 Balancing underwriting discipline and commerciality
08:55 Why broad market labels miss the point
09:42 Growing the reinsurance market through new solutions
10:21 Digital infrastructure, AI and emerging risks
11:03 AI’s impact on day-to-day reinsurance
11:57 Advice for buyers approaching 1/1CONNECT WITH US:
Say Hello: [email protected]
Website: https://www.supercede.com
LinkedIn: https://www.linkedin.com/company/supercedehq
Twitter: https://twitter.com/SupercedeHQ
YouTube: https://www.youtube.com/@SupercedeHQ
RSS Feed: https://anchor.fm/s/7e741c8c/podcast/rssBaden-Baden #41 – Kirill Savrassov: Think Beyond the Next Renewal
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 …
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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 & TIMESTAMPS
00:00 Introduction
00:28 Understanding ILS from three perspectives
01:35 Learning how investors and risk buyers think
02:32 Lessons from the Swiss summer school
03:14 Alternative capital in a softer market
04:14 New capital and new opportunities
04:31 Could data centres be the next chapter for ILS?
05:17 The case for a single data-centre policy
06:21 New sponsors and multi-year catastrophe-bond protection
07:18 ILS as part of mainstream reinsurance capacity
08:14 The outlook for 1/1 and the market cycle
09:19 Closing remarksCONNECT WITH US:
Say Hello: [email protected]
Website: https://www.supercede.com
LinkedIn: https://www.linkedin.com/company/supercedehq
Twitter: https://twitter.com/SupercedeHQ
YouTube: https://www.youtube.com/@SupercedeHQ
RSS Feed: https://anchor.fm/s/7e741c8c/podcast/rssBaden Baden #40 - Alexander Georgetti: Credit’s Growth Opportunity Ahead of 1/1
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 …
Notas do episódio
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 & TIMESTAMPS
00:00 Introduction
00:41 New entrants and capacity in credit
01:26 Bank demand and capital relief
02:01 Profitability and the loss environment
03:17 MGAs and specialist underwriting
04:34 Aggregation challenges in credit
05:21 Data centres and exposure across classes
05:57 Sovereign debt and emerging losses
06:28 AI in underwriting and portfolio management
07:46 Why personal relationships still matter
08:10 The outlook for 1/1 renewals
CONNECT WITH US:
Say Hello: [email protected]
Website: https://www.supercede.com
LinkedIn: https://www.linkedin.com/company/supercedehq
Twitter: https://twitter.com/SupercedeHQ
YouTube: https://www.youtube.com/@SupercedeHQ
RSS Feed: https://anchor.fm/s/7e741c8c/podcast/rss
Baden Baden #39 - Jen Braney: Where Cyber Cover Ends and AI Begins
Wording intended to affirm AI cover can inadvertently restrict it. Jen Braney, Gallagher Re’s Head of International Cyber, joins Ben Rose in Baden-Baden to explore where cyber protection ends and AI liability …
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Wording intended to affirm AI cover can inadvertently restrict it. Jen Braney, Gallagher Re’s Head of International Cyber, joins Ben Rose in Baden-Baden to explore where cyber protection ends and AI liability begins. They discuss why data-centre exposures need to be measured before they can be reinsured, how digital risks cut across traditional insurance classes, and why coordination matters as much as capacity. Jen also shares her perspective on product innovation and AI’s growing role in everyday insurance work.
EPISODE LINKS:
Jen’s LinkedIn: https://www.linkedin.com/in/jennifer-braney-84b1912b/
Gallagher Re: https://www.ajg.com/gallagherre/OUTLINE & TIMESTAMPS
00:00 Introduction
00:20 Jen returns to Baden-Baden
01:09 Beyond cyber: the Digital Risk Practice
02:29 Mapping and measuring digital exposures
03:43 When affirming AI cover can restrict it
04:50 Where cyber cover meets AI liability
06:05 Understanding risk before calling it uninsurable
07:12 Capacity, coordination and product development
08:44 AI’s impact on everyday insurance work
09:57 Taking a constructive approach to AICONNECT WITH US:
Say Hello: [email protected]
Website: https://www.supercede.com
LinkedIn: https://www.linkedin.com/company/supercedehq
Twitter: https://twitter.com/SupercedeHQ
YouTube: https://www.youtube.com/@SupercedeHQ
RSS Feed: https://anchor.fm/s/7e741c8c/podcast/rssBaden-Baden #38 – David Flandro: What Buyers Should Do Before the Market Turns
Reinsurance prices are falling, but David Flandro argues that rising capital costs should give buyers pause. Howden Re’s Head of Industry Analysis and Strategic Advisory joins Ben Rose in Baden-Baden to explain …
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Reinsurance prices are falling, but David Flandro argues that rising capital costs should give buyers pause. Howden Re’s Head of Industry Analysis and Strategic Advisory joins Ben Rose in Baden-Baden to explain why cedents need a contingency plan, how new sources of capital are reshaping the market, and what economic margins reveal about the cycle. They also explore AI’s potential to change modelling and risk trading, plus the case for rebalancing retentions, managing accumulations and preserving options ahead of 1/1.
EPISODE LINKS:
David's LinkedIn: https://www.linkedin.com/in/david-flandro-074813/
Howden Re: https://www.howdenre.com/
OUTLINE & TIMESTAMPS
00:00 Introduction
00:38 A different mood at Baden-Baden
01:18 Falling prices and economic margins
02:41 Finding an advantage as capital sources expand
04:47 Three ways AI could change reinsurance
07:28 Who will drive AI disruption?
08:18 Why buyers need a “breaking the glass” strategy
10:42 Retentions, diversification and preserving options
11:51 What makes this cycle different?
13:07 The outlook for 1/1 renewalsCONNECT WITH US:
Say Hello: [email protected]
Website: https://www.supercede.com
LinkedIn: https://www.linkedin.com/company/supercedehq
Twitter: https://twitter.com/SupercedeHQ
Dame Susan Langley: The City Has Gone Too Quiet | TRP #179
Dame Susan Langley, the first Lady Mayor of the City of London in 800 years and only the third woman to hold the office, has spent a year flying round the world telling people what London’s insurance and …
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Dame Susan Langley, the first Lady Mayor of the City of London in 800 years and only the third woman to hold the office, has spent a year flying round the world telling people what London’s insurance and reinsurance market actually does. Recorded at Mansion House, this is her case for why the quietest industry in finance needs to find its voice.
WHAT YOU’LL LEARN:
- What the Lady Mayor’s job actually is once you strip away the golden coach (and why it finally has an insurer in it)
- Why “we’re very British about it” has become a competitive disadvantage against cities that shout
- How 220 companies and some chalk art outside Lloyd’s reached 20 million people without a single spin line
- Why the Global Risk Summit exists, and what the nine-day secondment tells you about how London is losing its training-ground status
- How a rolling three-year plan fixes the one-year-tenure problem, and what her successor inherits
TIMESTAMPS:00:00 Intro00:35 Third woman in 800 years, first Lady Mayor01:05 What the Lady Mayor actually does (it isn’t the parade)02:29 The Lady Mayor’s Show and 697 women03:41 Representation: the Oxford friend and four women on one stage05:52 Why the City needs an insurance Lord or Lady Mayor07:13 “Insurance is boring.” “Thank you.”08:34 The Global Risk Summit and the nine-day secondment10:17 How the world sees London, and the disinformation problem12:00 Team UK: 220 companies and a chalk-art campaign14:04 A three-year plan and a second insurer in a row15:34 Pension capital, fintech, and why stability sells16:52 What she’ll miss (hint: not the heating bill)17:30 Outro
EPISODE LINKS:
Dame Susan's LinkedIn: https://www.linkedin.com/in/susanclangley/CONNECT WITH US:Say Hello: [email protected]Website: https://www.supercede.comLinkedIn: https://www.linkedin.com/company/supercedehqX: https://twitter.com/SupercedeHQYouTube: https://www.youtube.com/@SupercedeHQRSS Feed: https://anchor.fm/s/7e741c8c/podcast/rss
Monte Carlo #72: Rob Newbold - The Industry Should Be Ready for a $170B+ Cat Year
Sub-$50bn of first-half cat losses, no hurricanes last year, none so far this year, and rates heading south. Verisk's Rob Newbold boards the TRP yacht at Monte Carlo RVS to explain why reinsurance should still …
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Sub-$50bn of first-half cat losses, no hurricanes last year, none so far this year, and rates heading south. Verisk's Rob Newbold boards the TRP yacht at Monte Carlo RVS to explain why reinsurance should still be braced for $171bn of insured catastrophe loss in an average year. Then he gets into what AI is actually doing to cat modelling, from globally correlated models to agents that talk to each other so humans can get on with deciding.
WHAT YOU'LL LEARN:
- Why Verisk puts modelled global insured cat loss at $171bn a year, and why a light first half doesn't change the maths
- How to separate the market cycle from the risk itself, with the 1-in-100 now close to $500bn
- Where AI is changing cat modelling for real: a physically correlated global model, plus agents handling the button-pressing so people can make the calls
- Why data centre exposure deserves a look before it surprises you
- What Rob thinks will finally tip reinsurance into using AI properly
TIMESTAMPS:00:00 Intro00:28 A $171bn average loss in a sub-$50bn year01:48 Why cat models don't care where you sit in the cycle02:46 AI in cat modelling and the first globally correlated model03:52 Agents calling agents, humans making the decisions04:46 Token bills, data centres and the hyperscaler question06:18 New perils, faster models and what clients actually want08:00 Meeting clients where they are, and what forces the flip09:02 Final word: the cycle doesn't set the risk
EPISODE LINKS:Rob's LinkedIn: https://www.linkedin.com/in/rob-newbold-080380/
Verisk: https://www.verisk.com/solutions/catastrophe-risk-solutions/
CONNECT WITH US:Say Hello: [email protected]Website: https://www.supercede.comLinkedIn: https://www.linkedin.com/company/supercedehqX: https://twitter.com/SupercedeHQYouTube: https://www.youtube.com/@SupercedeHQRSS Feed: https://anchor.fm/s/7e741c8c/podcast/rss
Monte Carlo #71 - Kate Tongue & Robert Flach: Investors Are Arriving Late to Lloyd’s
New capital is still queuing up for Lloyd's, but Argenta's Kate Tongue and Robert Flach reckon the smart money is taking its time. On board the Supercede yacht at Monte Carlo RVS, they explain three things: why …
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New capital is still queuing up for Lloyd's, but Argenta's Kate Tongue and Robert Flach reckon the smart money is taking its time. On board the Supercede yacht at Monte Carlo RVS, they explain three things: why investors tend to show up a year too late, why a diversified Lloyd's portfolio can rival ILS returns with less risk, and why capital cares less about a syndicate's AI than about who's parameterising it.
WHAT YOU'LL LEARN:
- Why new capital providers are playing the long game at Lloyd's, starting with 20 to 30 million of premium in year one
- Which investors are now eyeing Lloyd's, from US mutuals with surplus on their balance sheets to hedge funds and pension schemes
- How Lloyd's capital efficiency lets a spread portfolio compete with ILS, where the outcome depends on whether the wind blows
- Why syndicate selection matters more than class selection now that the easy-money years are over
- How investors with the right mindset can treat geopolitical losses as next year's opportunity
TIMESTAMPS:00:00 Intro00:51 Is There Still Room for New Capital at Lloyd's?01:55 Why Most Investors Arrive a Year Too Late02:45 The New Capital Pool: Mutuals, Hedge Funds and Pensions03:47 Teaching Investors That Lloyd's Is (Still) Complicated04:29 Syndicate Selection After the Easy-Money Years05:31 Niche Classes, Diversification and the ILS Comparison07:15 Does a Syndicate's Tech Story Matter to Capital?08:43 When AI Will Actually Move the Dial09:41 Geopolitical Risk: Threat or Opportunity for Investors?11:16 Lloyd's Leadership and Tougher Consortium Scrutiny
EPISODE LINKS:Kate's LinkedIn: https://www.linkedin.com/in/katejohnsontongue/
Robert's LinkedIn: https://www.linkedin.com/in/robert-flach-21ab114/
Argenta: https://www.argentagroup.com/
CONNECT WITH US:Say Hello: [email protected]Website: https://www.supercede.comLinkedIn: https://www.linkedin.com/company/supercedehqX: https://twitter.com/SupercedeHQYouTube: https://www.youtube.com/@SupercedeHQRSS Feed: https://anchor.fm/s/7e741c8c/podcast/rss
Monte Carlo #70 - Carla Moffett & Sam Sweeney: Casualty Isn’t Softening Like Property
Property is softening at a sprint. Casualty is walking, and keeping one eye on US social inflation. On the TRP yacht at Monte Carlo RVS 2026, Lockton Re's Carla Moffett and Sam Sweeney explain why casualty …
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Property is softening at a sprint. Casualty is walking, and keeping one eye on US social inflation. On the TRP yacht at Monte Carlo RVS 2026, Lockton Re's Carla Moffett and Sam Sweeney explain why casualty reinsurance won't follow the rest of the market down, and why the brokers worth hiring now do much more than place the treaty.
WHAT YOU'LL LEARN:
- Why casualty capacity is plentiful but pricing isn't dropping as fast as property
- How portfolio quota shares covering MGA and delegated books are creating placements outside the renewal season
- What reinsurers want to hear on social inflation: claims defence, early reserving, paying quickly
- How to make sure hard-won original rate gets credit on the reinsurance side
- Why blanket AI exclusions don't work when silent AI already sits inside PI, D&O and GL
- Where AI is already sharpening broker work: submissions, data ingestion, contract reviews
TIMESTAMPS:00:00 Intro00:18 Why casualty isn't softening like property01:58 Portfolio solutions and off-cycle MGA placements02:37 Social inflation and the reinsurers who reserve early03:56 From transaction processor to trusted advisor05:18 The broker as part-time recruitment consultant06:01 PFAS, AI liabilities and what's really on the agenda07:30 Why blanket AI exclusions make no sense in casualty08:13 Born digital: using AI to sharpen the broker09:24 Are we already AI-enabled?
EPISODE LINKS:Carla's LinkedIn: https://www.linkedin.com/in/carlamoffett/
Sam's LinkedIn: https://www.linkedin.com/in/samuel-sweeney-34744851/
Lockton Re: https://global.lockton.com/re/
CONNECT WITH US:Say Hello: [email protected]Website: https://www.supercede.comLinkedIn: https://www.linkedin.com/company/supercedehqX: https://twitter.com/SupercedeHQYouTube: https://www.youtube.com/@SupercedeHQRSS Feed: https://anchor.fm/s/7e741c8c/podcast/rss
Monte Carlo #69 - Rachel Turk: More Capital Isn’t Always Better
Rachel Turk, Chief of Performance and Strategy at Lloyd's, explains why the flood of third-party capital is good news only while there's fresh risk for it to chase, and why institutional money might one day …
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Rachel Turk, Chief of Performance and Strategy at Lloyd's, explains why the flood of third-party capital is good news only while there's fresh risk for it to chase, and why institutional money might one day walk for reasons that have nothing to do with the insurance cycle. Plus: data centres that want $20bn of cover but not the bill, and why agentic AI underwriting only works if it explains itself in plain English.
WHAT YOU'LL LEARN:
- Why capital pouring in through London Bridge 2 is healthy right now, and the one condition that keeps it that way
- How institutional capital could behave differently from trade capital, and why investor concentration is now on the Lloyd's watchlist
- Why portfolio solutions are outperforming the open market, and why "follow" capacity still demands active underwriting
- Why natural language, not code, is what makes AI-assisted underwriting auditable
- What's really stopping the data centre boom from being insured, and how bringing insurers in early changes the build
TIMESTAMPS:00:00 Intro00:22 Day one at RVS and the rise of third-party capital01:34 London Bridge 2 and the rush of capital into Lloyd's03:08 Where the risk lands when investors replace reinsurers04:52 Why portfolio solutions are beating the open market06:10 Follow arrangements that are anything but passive07:12 Algorithmic underwriting and AI that explains itself08:30 Will AI change underwriting or just speed it up?09:34 AI liability and the niche specialists at Lloyd's Lab10:27 The $20bn data centre question11:35 The risk premium pie chart and insurability by design13:02 Why data centres are a political risk too13:43 Rachel's final word on a softening market
EPISODE LINKS:
Rachel's LinkedIn: https://www.linkedin.com/in/rachel-turk-4330046/Lloyd's: https://www.lloyds.com
CONNECT WITH US:Say Hello: [email protected]Website: https://www.supercede.comLinkedIn: https://www.linkedin.com/company/supercedehqX: https://twitter.com/SupercedeHQYouTube: https://www.youtube.com/@SupercedeHQRSS Feed: https://anchor.fm/s/7e741c8c/podcast/rss
Monte Carlo #68 - Cathal Carr: Stop Watching Rate Change
Two years ago Oak Global didn't exist. It now writes over $900m of income across two Lloyd's syndicates, posted an 84% combined ratio in its first year, and did it all in a reinsurance market that had already …
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Two years ago Oak Global didn't exist. It now writes over $900m of income across two Lloyd's syndicates, posted an 84% combined ratio in its first year, and did it all in a reinsurance market that had already peaked. Cathal Carr, Founder & CEO, joins Ben at Monte Carlo RVS to explain why there's no perfect time to launch a reinsurer, only a proposition good enough to outlast the cycle.
WHAT YOU'LL LEARN:
- Why rate adequacy, not rate change, is the number to watch as the reinsurance market softens
- How a start-up reinsurer keeps growing with discipline by weighing gross and net portfolio composition against return on capital
- How Oak Global matches capital to risk across a primary reinsurance syndicate and a retro syndicate
- Why Lloyd's hybrid capital model, talent density and flow of business make London the launchpad of choice
- Why AI in reinsurance has to be technology built for talent, because nothing replaces trust
TIMESTAMPS:00:00 Intro00:24 Year two at Monte Carlo and the $900m milestone01:29 600 clients and why RVS is for listening02:28 Launching after the peak: why Oak believes in cycles04:07 An 84% combined ratio and growing with discipline05:10 Two syndicates, one for primary reinsurance and one for retro05:46 Matching capital to risk with Bain Capital and Lloyd's Names06:19 Why Lloyd's has been pivotal for a new reinsurer07:24 London's talent density and the flow of global business08:23 Building a culture with no single dominant bias09:47 AI as technology built for talent11:14 Wrap-up
EPISODE LINKS:Cathal's LinkedIn: https://www.linkedin.com/in/cathal-carr-1850b724/
Oak Global: https://oakglobal.com/
CONNECT WITH US:Say Hello: [email protected]Website: https://www.supercede.comLinkedIn: https://www.linkedin.com/company/supercedehqX: https://twitter.com/SupercedeHQYouTube: https://www.youtube.com/@SupercedeHQRSS Feed: https://anchor.fm/s/7e741c8c/podcast/rss
Monte Carlo #67 - Sarah Wilson: What Buyers Actually Want From Reinsurers
Sarah Wilson, Head of Outwards Reinsurance at MS Amlin, would rather know who'll still be on her panel when it isn't. Recorded in Monte Carlo in heat that could poach an egg, this is a cedent's case for picking …
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Sarah Wilson, Head of Outwards Reinsurance at MS Amlin, would rather know who'll still be on her panel when it isn't. Recorded in Monte Carlo in heat that could poach an egg, this is a cedent's case for picking reinsurance partners for the full cycle, not just the 1/1 renewals.
WHAT YOU'LL LEARN:
- Why a cedent in a soft market still picks reinsurers for the long haul rather than the cheapest line
- What sets reinsurers apart now that strong security is something most panels already have
- How MS Amlin looks across panels and classes when most of its portfolio renews at 1/1
- Why the industry needs to redesign first jobs for young talent, not remove them, as AI takes over the grunt work
- Where outwards teams want their time back so they can spend it on insight instead of assembly
TIMESTAMPS:00:00 Intro: a hot RVS and a big MS Amlin team in town00:30 Buyer's market or not, reinsurance is a promise to pay01:10 What reinsurers bring beyond capacity and good security02:00 Starting in the market at 16 and why juniors need a chance02:50 AI, disappearing starter roles and the rise of data insight04:00 1/1 buying, cross-class panels and the data pack grind04:50 After Monte: PCI, Bermuda and Baden05:20 Same conversation next year? Why nobody can call the turn
EPISODE LINKS:Sarah's LinkedIn: https://www.linkedin.com/in/sarah-wilson-916871182/
MS Amlin: https://www.msamlin.com/
CONNECT WITH US:Say Hello: [email protected]Website: https://www.supercede.comLinkedIn: https://www.linkedin.com/company/supercedehqX: https://twitter.com/SupercedeHQYouTube: https://www.youtube.com/@SupercedeHQRSS Feed: https://anchor.fm/s/7e741c8c/podcast/rss
Monte Carlo #66 - Paolo Mantero : Stop Talking Price, Start Talking Risk
Paolo Mantero, Group Head of Reinsurance at Zurich, spent his first RVS arguing it's the least useful conversation in the room. On the Reinsurance Podcast yacht, he makes the case for data centres, AI and …
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Paolo Mantero, Group Head of Reinsurance at Zurich, spent his first RVS arguing it's the least useful conversation in the room. On the Reinsurance Podcast yacht, he makes the case for data centres, AI and climate risk instead, and explains why cedents who sit out the new economy lose the right to be heard.
WHAT YOU'LL LEARN:
- Why insurers risk irrelevance if they can't serve the fastest-growing part of the economy
- How cedents can claim a bigger share of data centre and infrastructure deals, and what staying on the sidelines costs them
- Where AI actually earns its keep in reinsurance: seeing the interconnections between risks, not just shaving time off processes
- Why your growth strategy, not the cycle, should frame every conversation with brokers and reinsurers
- How traditional reinsurance and capital markets each fit, and where sidecars come in
- Why prevention could become insurance's most important social role as climate volatility rises
TIMESTAMPS:00:00 Intro00:45 First Monte Carlo and cutting through the noise01:30 Economic growth and the data centre opportunity02:30 Why re/insurance struggles to serve the new economy03:15 The capital paradox: plenty of it, hard to reward04:15 If you don't participate, you don't have a voice05:15 Bringing reinsurance capital along for the ride06:15 Insurance risk as a diversifier for capital markets07:30 Sidecars, and why the traditional market still comes first08:45 Talking strategy with brokers and reinsurers, not the cycle10:15 The AI future arrives, bubble or no bubble11:15 Understanding risk better beats efficiency12:30 Climate volatility: are we equipped for it?13:45 Prevention and insurance's social role15:00 Final advice for Monte Carlo: stop talking about price
EPISODE LINKS:Paolo's LinkedIn: https://www.linkedin.com/in/paolo-mantero-07029b/
Zurich: https://www.zurich.com/
CONNECT WITH US:Say Hello: [email protected]Website: https://www.supercede.comLinkedIn: https://www.linkedin.com/company/supercedehqX: https://twitter.com/SupercedeHQYouTube: https://www.youtube.com/@SupercedeHQRSS Feed: https://anchor.fm/s/7e741c8c/podcast/rss
Monte Carlo #65 - Celine Thierry: What Actually Works With AI in Insurance
Two years of AI proofs of concept have left reinsurance with a mild hangover and a nagging suspicion that none of it was real. Céline Thierry, Senior Director, Reinsurance at Duck Creek, joins us at Monte Carlo …
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Two years of AI proofs of concept have left reinsurance with a mild hangover and a nagging suspicion that none of it was real. Céline Thierry, Senior Director, Reinsurance at Duck Creek, joins us at Monte Carlo RVS to explain why this year feels more grounded. The industry is spending less time on AI as a big idea and more on where it gives underwriting and reinsurance experts room to do the work only they can do.
WHAT YOU'LL LEARN:
- Why AI in reinsurance has moved from abstract ambition to practical friction-removal
- How climate and geopolitical risk make connecting underwriting and reinsurance data more urgent
- Why the US market is moving faster on AI adoption than Europe
- What Duck Creek's acquisition of Send says about proving AI beyond the POC stage
- Why the weekend-built policy admin system won't replace 30 years of relationships
TIMESTAMPS:00:00 Intro00:37 Céline on running Duck Creek's reinsurance product portfolio01:14 Why the AI conversation got more grounded this year02:10 Climate, geopolitics and risks that refuse to sit still02:59 Duck Creek, Send and why underwriting and reinsurance must connect03:55 Finally knowing what's actually in your portfolio04:32 The POC hangover, and why the US is adopting faster than Europe05:45 Is anyone asking AI to solve a specific problem yet?06:59 Can someone really build a policy admin system on their own?07:47 AI as a means, not a threat to expertise08:53 Would she have believed any of this two years ago?09:33 Outro
EPISODE LINKS:
Celine's LinkedIn: https://www.linkedin.com/in/celine-thierry-7640471/Duck Creek: https://www.duckcreek.com/CONNECT WITH US:Say Hello: [email protected]Website: https://www.supercede.comLinkedIn: https://www.linkedin.com/company/supercedehqX: https://twitter.com/SupercedeHQYouTube: https://www.youtube.com/@SupercedeHQRSS Feed: https://anchor.fm/s/7e741c8c/podcast/rss
Monte Carlo #64 - Yassir Albaharna: Risks Cedents Didn’t Expect
Yassir Albaharna has been coming to Monte Carlo for almost 37 years, back when meetings lasted an hour and M&A hadn't yet thinned out the receptions. On the TRP yacht at RVS, the Group CEO of Trust Re explains …
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Yassir Albaharna has been coming to Monte Carlo for almost 37 years, back when meetings lasted an hour and M&A hadn't yet thinned out the receptions. On the TRP yacht at RVS, the Group CEO of Trust Re explains why the Gulf's political violence losses are colliding with a soft reinsurance market. Also why cedents across the Middle East are finding their exposures outgrew their protection, and why the oldest rule in reinsurance buying is suddenly the most relevant.
WHAT YOU'LL LEARN:
- Why a capacity-driven soft market is still tightening wordings on political violence and contingent BI in the Gulf
- How an estimated $3-4bn of war and political violence losses could squeeze cedents' premium volumes in 2026
- Why Gulf cedents want more protection just as reinsurers get wary of poorly modelled risks
- Why "buy for the unknown" should shape your programme before renewal, not after the next loss
- Where the Middle East's insurance talent is coming from, and why keeping it is the real challenge
TIMESTAMPS:00:00 Intro00:37 Almost 37 years of RVS and how Monte Carlo has changed01:54 Hungry capacity meets Gulf political violence losses03:18 Why Gulf cedents face a premium squeeze in 202604:13 More protection wanted, less appetite offered, and buying for the unknown06:07 Where the Middle East's reinsurance talent is coming from07:55 Retention, IFCs and the London brokers moving east08:52 Advice from almost four decades in reinsurance10:22 Outro
EPISODE LINKS:
Trust Re: https://www.trustre.com/CONNECT WITH US:Say Hello: [email protected]Website: https://www.supercede.comLinkedIn: https://www.linkedin.com/company/supercedehqX: https://twitter.com/SupercedeHQYouTube: https://www.youtube.com/@SupercedeHQRSS Feed: https://anchor.fm/s/7e741c8c/podcast/rss
Monte Carlo #63 - Richard Dudley: Portfolio Trading Is About to Get Smarter
Richard Dudley, CEO of UK & International Reinsurance at BMS, joins us on The Reinsurance Podcast yacht in Monaco to explain why handing 40 years of US treaty reinsurance history to Willis was the right call …
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Richard Dudley, CEO of UK & International Reinsurance at BMS, joins us on The Reinsurance Podcast yacht in Monaco to explain why handing 40 years of US treaty reinsurance history to Willis was the right call, then takes on climate, sanctions and where AI genuinely helps in reinsurance today.
WHAT YOU'LL LEARN:
- Why BMS sold its US treaty reinsurance business to Willis, and why losing 15% of the business can sharpen focus on the other 85%
- How climate change opens revenue lines beyond weather perils, from renewable energy financing to warranty and indemnity cover
- Why fractured, inconsistent sanctions regimes are quietly a bigger headache for global broking than tariffs
- Why AI's real value in reinsurance is forcing companies to fix broken manual processes before automating them
- How real-time portfolio views could accelerate the shift toward portfolio trading, broker facilities and MGAs
TIMESTAMPS:
00:00 Intro
00:37 Why BMS Sold Its US Treaty Reinsurance Business to Willis
03:35 The Climate Opportunity Reinsurance Keeps Overlooking
05:06 How Fractured Sanctions Are Complicating Global Broking
06:37 Why AI Is Forcing Reinsurers to Fix Broken Processes First
08:04 Real-Time Portfolio Views and the "Minority Report" Future
EPISODE LINKS:
Richard's LinkedIn: https://www.linkedin.com/in/richard-dudley-bms/
BMS: https://www.bmsgroup.com/en
CONNECT WITH US:
Say Hello: [email protected]
Website: https://www.supercede.com
LinkedIn: https://www.linkedin.com/company/supercedehq
X: https://twitter.com/SupercedeHQ
Monte Carlo #62 - Caroline Wagstaff: AI Won’t Fix a Missing Generation
Caroline Wagstaff runs London Matters, the report that tells the London market what it's actually worth, and this year the real story sits under the topline numbers. 24% of the London reinsurance market is …
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Caroline Wagstaff runs London Matters, the report that tells the London market what it's actually worth, and this year the real story sits under the topline numbers. 24% of the London reinsurance market is under 30 today; in a decade, that's projected to fall to 7%, and nobody can agree whether AI or the pricing cycle is to blame. She joined us on the TRP yacht in Monte Carlo to unpack both, plus what 15 years of data says about London's comeback in reinsurance.
WHAT YOU'LL LEARN:
- Why London's reinsurance market share is climbing again after a decade of decline, and what's pulling new entrants back in
- The real driver behind an 18% drop in entry-level hiring across the London market (it's not really AI)
- What a 24%-to-7% shift in under-30 talent means for wage costs a decade out
- Why talking about pricing cycles in public may be quietly costing the market client trust
- What 15 years of London Matters data reveals about London's economic weight, and why government should care
OUTLINE & TIMESTAMPS
00:00 Intro
00:37 Is the London market actually placing bets on AI?
02:32 Why AI and reinsurance's talent crisis are the same conversation
04:32 What the London Market Group is doing about the talent gap
05:42 Fifteen years of London Matters, and why it's reinsurance's heartbeat
07:42 London's reinsurance comeback, and where it's coming from
08:52 The unglamorous data work behind London's AI readiness
09:48 Why the industry's obsession with pricing cycles undermines trust
10:58 Twenty-five years on: how much Monte Carlo has changed
EPISODE LINKS:
Caroline's LinkedIn: https://www.linkedin.com/in/caroline-wagstaff-4914b0b/London Market Group: https://lmg.london/CONNECT WITH US:Say Hello: [email protected]Website: https://www.supercede.comLinkedIn: https://www.linkedin.com/company/supercedehqX: https://twitter.com/SupercedeHQYouTube: https://www.youtube.com/@SupercedeHQRSS Feed: https://anchor.fm/s/7e741c8c/podcast/rss
Monte Carlo #61 - Mikir Shah: Most Insurers Are Using AI Wrong
Mikir Shah, CEO of developing-markets reinsurer Africa Specialty Risks, built AI into the whole underwriting engine instead: quote to bind, no manual data entry. Then he paused it anyway, just to check the …
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Mikir Shah, CEO of developing-markets reinsurer Africa Specialty Risks, built AI into the whole underwriting engine instead: quote to bind, no manual data entry. Then he paused it anyway, just to check the machine's doing what it's meant to.
WHAT YOU'LL LEARN:
- Why building AI into every underwriting step, not just the easy bits, changes what the job actually looks like
- How a cyclone claim paid out in seven days, and what that speed protects that a slow claim never can
- Why record levels of reinsurance capital keep chasing developed markets, and what that leaves exposed
- How conflict in the Middle East ripples into African food security through fuel and fertiliser shortages
- Why training local underwriting talent might do more for developing markets than any AI model
OUTLINE & TIMESTAMPS:
EPISODE LINKS:Mikir's LinkedIn: https://www.linkedin.com/in/mikir-shah-42104259/
Africa Specialty Risks: https://www.asr-re.com/
CONNECT WITH US:Say Hello: [email protected]Website: https://www.supercede.comLinkedIn: https://www.linkedin.com/company/supercedehqX: https://twitter.com/SupercedeHQYouTube: https://www.youtube.com/@SupercedeHQRSS Feed: https://anchor.fm/s/7e741c8c/podcast/rss
Monte Carlo #60 - Emily Davis: Data Centres Are Just the Beginning
Emily Davis, Head of Global Specialty at Everest, is more interested in everything plugged into data centres. Recorded on the TRP yacht, this one is about the specialty reinsurance growth story behind the …
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Emily Davis, Head of Global Specialty at Everest, is more interested in everything plugged into data centres. Recorded on the TRP yacht, this one is about the specialty reinsurance growth story behind the build-out: semiconductor plants, EV factories, onshored manufacturing, and a renewable energy project bolted onto every new server farm.
WHAT YOU'LL LEARN:
- Why the data centre itself is only a fraction of the exposure, and what the rest of the mega risk actually looks like
- How onshoring, semiconductor plants and EV production create the same accumulation problems underwriters are already working through on data centres
- Why energy security and geopolitics are pushing more money into the energy transition rather than less
- How specialty lines can sit in different phases of the cycle at once, and where that leaves growth this renewal
- What global expertise plus local underwriting looks like when a risk crosses several jurisdictions
OUTLINE & TIMESTAMPS:00:00 Intro00:37 Different lines, different phases of the cycle01:32 The one desk in Monaco with a growth story02:06 Why the data centre is the small part of the mega risk02:45 The power problem: renewables, geopolitics and energy security03:29 Marine, aviation and the old world adapting again04:27 Glocal: global expertise, local underwriters05:13 AI, efficiency and what it frees people up to do
EPISODE LINKS:Emily's LinkedIn: https://www.linkedin.com/in/emily-davis-a2218678/
Everest: https://www.everestglobal.com/
CONNECT WITH US:Say Hello: [email protected]Website: https://www.supercede.comLinkedIn: https://www.linkedin.com/company/supercedehqX: https://twitter.com/SupercedeHQYouTube: https://www.youtube.com/@SupercedeHQRSS Feed: https://anchor.fm/s/7e741c8c/podcast/rss
Monte Carlo #59 - Christa Schwimmer: What Clients Really Want From Reinsurers
Christa Schwimmer, Chief Executive for Specialty, Lloyd's and Bermuda at Munich Re, joins us on the yacht at Monte Carlo 2026 to talk about what cedents actually value, why she's unconvinced by the data centre …
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Christa Schwimmer, Chief Executive for Specialty, Lloyd's and Bermuda at Munich Re, joins us on the yacht at Monte Carlo 2026 to talk about what cedents actually value, why she's unconvinced by the data centre gold rush, and where AI insurance sits on the curve cyber climbed fifteen years ago.
WHAT YOU'LL LEARN:
- Why a reinsurer's survey scores track predictability and reliable capacity far more closely than technical pricing skill
- What it costs to hold your risk rather than lean on retro, and why that's what let Munich Re reconfirm capacity within the hour after Ian
- How to read the data centre opportunity properly when so much of the risk still sits retained with insurers and rates aren't paying for the scale
- Where AI insurance genuinely is today, why silent AI is the first thing to solve, and what the cyber market's first decade tells you about the timeline
- What abundant capital, sidecars and third-party money mean heading into 1/1, and the one kind of event that would change the conversation entirely
OUTLINE & TIMESTAMPS:
00:00 Intro00:37 Fifty-year treaties and a market cycle that barely registers01:37 An NPS of 70, and what clients actually said they valued03:34 Abundant capital, competitive pressure, and the data centre question05:17 Cyber, At-Bay, and the first moves into AI insurance06:31 Geopolitics, unpredictability, and the value of a predictable partner07:13 Sidecars, third-party capital, and whether investors keep coming08:27 What would have to break for next year's conversation to change
EPISODE LINKS:
Christa Schwimmer on LinkedIn: https://www.linkedin.com/in/christa-schwimmer-94a7b8aa/Munich Re: https://www.munichre.com/CONNECT WITH US:Say Hello: [email protected]Website: https://www.supercede.comLinkedIn: https://www.linkedin.com/company/supercedehqX: https://twitter.com/SupercedeHQYouTube: https://www.youtube.com/@SupercedeHQRSS Feed: https://anchor.fm/s/7e741c8c/podcast/rss
Monte Carlo #58 - Sebastian Cook: How to Use Excess Reinsurance Capital
Everyone at Monte Carlo agrees the market is flush. Sebastian Cook, CEO, UK at Howden Re, reckons the abundant capital is the easy bit; the skill is matching it to a client problem worth solving. He joins us on …
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Everyone at Monte Carlo agrees the market is flush. Sebastian Cook, CEO, UK at Howden Re, reckons the abundant capital is the easy bit; the skill is matching it to a client problem worth solving. He joins us on the yacht to explain how the reinsurance conversation moved from the price of a programme to off-balance-sheet capital, and why nobody in the market, his own firm included, has the industrial AI story yet.
WHAT YOU'LL LEARN:
- Why record capital and cat bond issuance don't win renewals on their own, and where broker judgement actually earns its keep
- How to build a value case beyond rate, using attachment points, capital relief and structured or parametric options
- What reinsurers are really competing on this year, and how to read their relevance pitch before renewal
- Why alternative capital stopped being the preserve of major multinationals and what that changes for a cedent interrogating its outwards programme while it's still open
- Where AI is making a real difference in reinsurance today, and where it's still a slide rather than a capability
EPISODE LINKS:
Seb's LinkedIn: https://www.linkedin.com/in/sebastian-cook-b862ba133/
Howden Re: https://www.howdenre.com/
OUTLINE & TIMESTAMPS:
00:00 Intro01:10 Why Seb thinks this market is beautifully poised01:55 What makes a broker stand out when capital is abundant02:55 Past the rate: attachment points, capital relief and parametric options04:02 Why reinsurers are racing to prove relevance before renewal05:02 From the price of a programme to off-balance-sheet capital06:18 Signing off data scientists instead of contract wordings07:06 The honest state of AI in reinsurance08:06 Closing thoughts
CONNECT WITH US:Say Hello: [email protected]Website: https://www.supercede.comLinkedIn: https://www.linkedin.com/company/supercedehqX: https://twitter.com/SupercedeHQYouTube: https://www.youtube.com/@SupercedeHQRSS Feed: https://anchor.fm/s/7e741c8c/podcast/rss
Aqui estão os 40 episódios mais recentes de 366. Os mais antigos estão no feed do podcast.
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