A.M. BestTV: The Rendez-vous Conference – Reinsurers Divided Over the Insurance Cycle

OLDWICK, N.J.--()--In this A.M. BestTV episode, on location from the Rendez-vous de Septembre (Rendez-vous) reinsurance conference in Monte Carlo, the hot topic on the third day is insurance cycles and whether the industry is still having hard and soft cycles, and if so, whether the soft market has bottomed out. Click on http://www.ambest.com/v.asp?v=rvs3915 to view the video program.

“One of the big questions being debated is whether the present conditions in the marketplace are the ‘new normal,’” said Tad Montross, chairman and chief executive officer, General Re Corp: “I believe the real question to be is the marketplace experiencing a secular or a cyclical change, and I see it as a cyclical one."

“If the industry is presently experiencing cycles, they are shorter ones, because it is hard to manage with the expectation of a cycle. As for whether or not the soft market has bottomed out, I see the pace of decreases definitely slowing, but has it hit bottom? That remains to be seen,” said Bryon Ehrhart, chief executive officer, Aon Benfield.

Other people that appear in this episode:

  • Inga Beale, chief executive officer, Lloyd's;
  • David Flandro, head of analytics, JLT Re;
  • Denis Kessler, chairman and chief executive officer, SCOR;
  • Tony Kuczinski, chief executive officer, Munich Re America; and
  • Jeremy Pinchin, chief executive officer, Hiscox Re.

Full-length interviews are available as well. Go to http://www.ambest.com/montecarlo to see new interviews throughout the conference. Interviews conducted thus far include:

Company Ltd: http://www.ambest.com/v.asp?v=karl915.

A.M. BestTV covers exclusive A.M. Best information and reports, targeted topics and key developments in the (re)insurance industry every Monday, Wednesday and Friday. Sign up for alerts of episodes at http://www.ambest.com/multimedia/ambtvsignup.html. View A.M.BestTV episodes at http://www.ambest.tv.

A.M. Best Company is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2015 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.

Contacts

A.M. Best Company
Lee McDonald, (908) 439-2200, ext. 5561
Group Vice President, Publication and News Services
lee.mcdonald@ambest.com

Contacts

A.M. Best Company
Lee McDonald, (908) 439-2200, ext. 5561
Group Vice President, Publication and News Services
lee.mcdonald@ambest.com