Reinsurance

Reinsurance Rendez-vous 2015
We are delighted to be at the Reinsurance Rendez-vous again in 2015. We are honoured to host Mike McGavick, Chief Executive Officer of XL Group plc, as the speaker at our breakfast briefing.

Reinsurance

The last twelve months has continued the recent reinsurance market trend of reserve releases, an absence of major catastrophe losses and falling rates in key market areas. There has also been an increase in interest in cyber and emerging market risks as the industry reacts to the changing landscape. All of these are forcing companies to adapt to the new normal.

This has produced an upsurge in M&A activity as the reinsurance market responds to the challenges faced from poor investment returns, an increased requirement for cost control, the influx of new capital into the ILS market and from hedge funds, the increase in regulation as Solvency II reaches its implementation date in Europe and the challenge arising from lower placement of risk by primary markets.

Resilience, flexibility and adaptability are key to success and the most successful and well led companies are responding with changes in their data, systems, structure and processes designed to ensure their long term success.