C³ Wealth Management’s Post

Great work and excellent panel, Sean. Innovations in our industry continues to be essential, and Excred has again served as an important forum for these discussions. #ExCred #Credit #PoliticalRisk

Reinsurance When I started my actuarial career, I was fascinated by all the different reinsurance structures/contracts. How a company protects itself from large losses, catastrophic events,etc One reinsurance cover: Quota Share What is a quota share? Basically it’s where an insurer will pass on a specified x% of the premiums (income) of a portfolio to reinsurer(s). In exchange, the reinsurer is obligated to pay the same (x%) proportion of the claims (losses) from that portfolio. The reinsurer becomes essentially a financial business partner. If the portfolio is profitable, the reinsurer will share in those profits. Similarly though, they also take the risk that the portfolio will lose money. Why do insurers use a quota share? Insurers use a quota share to free up cash flow… And to lower their financial risk of loss.

Business day 20 for Reinsurance Actuarial Solutions Lessons learned from reaching out to my network in these early days: 1. Keep it short. Short emails with a simple request get more response than long emails with too much detail. That is hard for me because I tend to think 5-steps ahead. 2. Sometimes having the strongest business case doesn't get you the meeting. In the end it comes down to individual motivation and timing. 3. Referrals are the best connections... let me know anyone in your network that could benefit from connecting with me. For those that have replied when I reached out, thank you, it is appreciated. For those that haven't, don't worry, I don't take it personal, I know we are all busy with our own priorities. Hopefully we connect soon. For those that I haven't reached out to yet, I'm working on it, but feel free to reach out to me first!

Julian A.P. Enoizi, CEO for Guy Carpenter Europe, provides valuable insight into the current dynamics of the reinsurance sector, highlighting the challenges faced by reinsurers in balancing capital management, solvency, and volatility. https://hubs.la/Q02ZW8JJ0

Sign up now for our webinar '𝗙𝘂𝗻𝗱𝗲𝗱 𝗿𝗲𝗶𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 - 𝘄𝗲𝗶𝗴𝗵𝗶𝗻𝗴 𝘂𝗽 𝘁𝗵𝗲 𝗿𝗶𝘀𝗸𝘀', where we explore the implications of the statement on insurers and the bulk annuity market. Join James Mullins, Lara Desay and Michael Abramson on the 11 September, where they'll explore: ➡️ How funded reinsurance works; ➡️ The risks associated with funded reinsurance; ➡️ The impact on the bulk annuity market; and ➡️ Break down the PRA's policy statement. Sign up here 👉 https://okt.to/iRmqAS Don't forget to dive into our pension de-risking publication, 'The insurance regulator sets out its expectations for funded reinsurance'. 🔗 https://okt.to/bezrsO #Reinsurance #Pension #Regulation

Have you discovered MMA Prosper Wise? Ease your worries about financial security with Marsh McLennan Agency's comprehensive financial well-being resource designed to help alleviate the impact of financial stress on your employees. #Finance #FinancialAid

Have you discovered MMA Prosper Wise? Ease your worries about financial security with Marsh McLennan Agency's comprehensive financial well-being resource designed to help alleviate the impact of financial stress on your employees. #Finance #FinancialAid

Have you discovered MMA Prosper Wise? Ease your worries about financial security with Marsh McLennan Agency's comprehensive financial well-being resource designed to help alleviate the impact of financial stress on your employees. #Finance #FinancialAid

New global reinsurance start-up Oak Reinsurance (OAK Re) has been approved to begin underwriting in the Lloyd’s market through its Syndicate 2843 from 1/1 2025 and is launching with private equity backing from Bain Capital and private capital support from Hampden Agencies Limited.

Brit said it Lloyd’s trading platform Ki Financial will operate as a standalone company within the Fairfax Financial Services group beginning Jan. 1, 2025 https://lnkd.in/dNSgwQnV