Kara Raiguel’s Post

Munich Re board member Stefan Golling rightly observed in Monte Carlo yesterday: “If you know that some events occur almost every year, then you also need to focus on better risk prevention, you need to focus on exposure management, and maybe most importantly, you need to focus on that the original rates in the market are adequate." We observed in Germany in each of the recent years large regional or local NatCat events - always in different regions. Collectively as primary insurer and reinsurer we need to strive for risk adequate rates in order to allow for profitability in our industry as a whole in the long term. Luckily we observe a great alignment in many lines of business to keep following this path in our home market Germany.

Castel is now officially Ryan Specialty Underwriting Managers International, following Ryan Specialty's acquisition of Castel on the 1st of May, 2024. For future updates, please follow Ryan Specialty Underwriting Managers! We will also continue to post on Square Pegs - Underwriting, Transact Risk Partners and Albus, so you are welcome to follow those pages as well. We are thrilled to be moving forward as part of the Ryan Specialty team! #InsuranceNews #InsuranceIndusty #Underwriting

Turk: Lloyd's is relinquishing "invasive" oversight following results turnaround Watch the full interview here: https://lnkd.in/eFNUqURx The turnaround in Lloyd's results has allowed the Corporation to step back from its role as an "invasive discipline stick", with a greater emphasis now being placed on managing agents and syndicates taking responsibility for their performance, according to chief underwriting officer Rachel Turk Rachel Turk Dawn Miller Lloyd's #ReinsuranceMonth #reinsurance

I have met with 5 different broking firms this week; 4 Hedron Brokers and another that is contemplating joining. I have along list of actions underway. It’s inspiring that each broker has been on the front foot, working hard to service existing clients & successfully winning new ones. But a common thread that I picked up on was the rigid positions still being taken by stubborn underwriters on terms, in ‘take it or leave it’ style. Not so much particular insurers but rather individual underwriters. Conversely, there are some very pro-active underwriters, doing a great job, choosing to work with brokers to build compelling client solutions. Guess who is winning/retaining the business? It’s so important for underwriters to work with brokers, appreciate the unique insight that they have and not to work against them. There is opportunity for all by working together so come on underwriters, let’s engage positively!

EXCLUSIVE: Luck leads accelerated process to find new Lloyd’s chair as candidates emerge Learn more👇 https://lnkd.in/gh6TCYRc Council member and former Bermudian executive Fiona Luck is currently driving an accelerated process to find Bruce Carnegie-Brown’s successor as chairman of the Lloyd’s market, The Insurer can reveal. #PeopleMoves #LondonMarkert #insurance #reinsurance #insurancemarket #reinsurancemarket #insurancenews #reinsurancenews

Acrisure Re has made leadership changes in its international reinsurance division, appointing David Sowrey as managing director and Nigel Dane as chairman of the International Treaty business, effective immediately. Simon Hedley, Acrisure Re Global chief executive said: “These strategic appointments are designed to sharpen our focus on our continued growth and strengthen our partnerships with key clients and markets, further leveraging Acrisure Group’s relationships.” Read more on the appointments here: https://ow.ly/MlX550TflYS #captives #captiveinsurance

Good morning #RISKWORLD! The Berkley team is ready for another day in the Marketplace. Will we see you at Booth #2019? Stop by for energizing espresso (or tea) drinks and energizing conversation with team members from Berkley Agribusiness (a Berkley Company), Berkley Life Sciences (a Berkley Company), Berkley Construction Professional (a Berkley Company), Berkley Professional Liability (a Berkley Company), Berkley Technology Underwriters (a Berkley Company), Berkley Global Underwriters, Midwest Employers Casualty (a Berkley Company), Gemini Transportation Underwriters (a Berkley Company), W/R/B Underwriting (a Berkley Company), and W/R/B Specialty (a Berkley Company). Explore the Berkley Locator to search for Berkley businesses using various criteria: https://ow.ly/yNtg50RyzGZ RIMS (Risk and Insurance Management Society, Inc.) #riskmanagement

Our very own BRIAN COURTNEY, RPLU AAI presented on #groupcaptive insurance to #businessleaders at The Union League of Philadelphia. For companies that have a strong desire to seek significant returns on their risk management investments, you should definitely watch this presentation!!! Well done Brian 👏. Thanks for sharing on this important subject.

Did you know that Acrisure Re has a global Facultative team? Meet Matthew Harvey to learn more about their capabilities. #Reinsurance #Facultative