Hampden Agencies Limited’s Post

'Market has a new equilibrium’, says VIG Re’s CEO and Chairman of the Board, Johannes Martin Hartmann, to Intelligent Insurer in Monte-Carlo. Proud to share that our CEO, Johannes Martin Hartmann, was interviewed about VIG Re’s strong first-half performance. Despite global weather challenges, our company delivered exceptional results. Johannes Martin Hartmann highlighted positive market trends and the industry's focus on rebuilding trust. Key points: ·        The insurance industry is failing to close the protection gap ·        Reinsurance still struggles to re-establish trust with investors ·        There will be an orderly renewal, with sufficient capacity for proper risks    Read the full interview: https://lnkd.in/eK_etUWZ #reinsurance #insurance #VIGRe #performance #industryinsights #marketoutlook #proudtobevigre Proud member of the @Vienna Insurance Group. 

Artex is pleased to conclude a productive 𝗥𝗲𝗻𝗱𝗲𝘇-𝗩𝗼𝘂𝘀 𝗱𝗲 𝗦𝗲𝗽𝘁𝗲𝗺𝗯𝗿𝗲 insurance and reinsurance conference in #MonteCarlo last week. Over four days, our team conducted more than 30 meetings with capital providers, reinsurers, brokers, and services firms. 𝗔𝗿𝘁𝗲𝘅 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀 𝗖𝗘𝗢, Kathleen Faries was a featured speaker on the Bermuda:Re+ILS Roundtable, providing valuable insights into her perspective on the ILS marketplace. According to AM Best’s 𝗥𝗲𝗶𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 𝗕𝗿𝗶𝗲𝗳𝗶𝗻𝗴 - 𝗥𝗲𝗻𝗱𝗲𝘇-𝗩𝗼𝘂𝘀 𝗱𝗲 𝗦𝗲𝗽𝘁𝗲𝗺𝗯𝗿𝗲, in 2024, the global reinsurance market capital levels are set to reach a record high, with projected capital of nearly $625 billion. More than 17% of this total, a substantial $108 billion, is expected to come from third-party capital, marking a new high for both total market capital and third-party capital. View the full briefing at the link below for more of AM Best’s insights into the financial strength of the industry, optimism in the face of geo-political pressures, as well as emerging trends and an outlook for the next 12 months: https://okt.to/ZiUIrQ We look forward to continuing to provide unparalleled expertise and services to our clients and partners. 📸 Pictured at #RVS2024: Zeb Holt, Kathleen Faries, Kenneth Underhill, Rebecca Oliver, JB Crozet

MultiStrat Group CEO Bob Forness says investors’ appetite for Casualty ILS is growing. In an interview with Intelligent Insurer and Bermuda:Re+ILS at this year’s Monte Carlo Reinsurance Rendez-Vous, Bob said investors willing to consider Casualty ILS are looking for longer-term investments, but said that underwriting discipline remains key. To read the full coverage in #MonteCarloToday, click here https://lnkd.in/e4KyFSKe #RVS2024 #reinsurance #UScasualty #ILS

➡️ Meet Camelot Expert Simon Torrance, he has been a Camelot Expert for 3 years. Simon’s favourite quote is “I skate to where the puck’s going to be, not where it is now” 👉 Follow the link to read all about it: https://lnkd.in/et5f3cCy #Camelot #insurance #insuranceindustry #CamelotExpert #Expertspotlight

In his latest interview with Insurance Business, QBE Re's Managing Director, Chris Killourhy, discusses current trends in the reinsurance industry and the key factors affecting market sentiment - https://lnkd.in/gCE-hKBa   #reinsurance #reinsurancenews

Gard has announced a 10% Owners’ General Discount for renewing mutual Members for the 2025 P&I renewal. Rolf Thore Roppestad, CEO, said: “With this, we continue our streak of returning capital to our membership, providing stability and consistency in a volatile time. We ensure financial robustness and long-term resilience, while at the same time not holding more capital than is needed.”   Gard also announced a 4 per cent premium increase for the upcoming P&I renewal to keep next year’s underwriting result in balance, with a marginal loss on the mutual insurance product. Bjørnar Andresen, Gard’s Chief Underwriting Officer, explained: “The macroeconomic outlook continues to be uncertain, and we need to take into account an expected increase in claims. With a moderate premium adjustment, we are ensuring that we can continue to offer mutual P&I at competitive prices, while at the same time ensuring the group’s long-term stability.” #marineinsurance #gard #maritime https://lnkd.in/ecwgMQNS  

𝐀𝐩𝐨𝐥𝐥𝐨 𝐒𝐲𝐧𝐝𝐢𝐜𝐚𝐭𝐞 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐩𝐢𝐨𝐧𝐞𝐞𝐫𝐬 𝐭𝐡𝐞 𝐟𝐢𝐫𝐬𝐭 𝐦𝐨𝐝𝐞𝐫𝐧 𝐜𝐚𝐩𝐭𝐢𝐯𝐞 𝐬𝐲𝐧𝐝𝐢𝐜𝐚𝐭𝐞 𝐚𝐭 𝐋𝐥𝐨𝐲𝐝’𝐬 Apollo Syndicate Management has made history by launching the first captive syndicate of the modern era at Lloyd’s, marking a significant shift in how large clients can manage their risk. This innovative approach allows clients to retain risk through their own Lloyd’s rated syndicate, enhancing flexibility and leveraging the operational advantages of Lloyd’s global insurance expertise. David Ibeson, CEO of Apollo Group, emphasized the milestone’s importance in reinforcing Apollo’s reputation for market-leading innovation at Lloyd’s. The initiative, known as Captive Syndicate 1100, reflects a strategic partnership aimed at delivering tailored managing agency services and fostering long-term growth for entrepreneurial businesses seeking access to Lloyd’s extensive capabilities. Lloyd’s Commercial Director, Dawn Miller, expressed enthusiasm for the revised captive syndicate model, highlighting its alignment with evolving customer needs and the promise of future collaborations within Lloyd’s captive platform. #crire #reinsurance #insurance #newsupdates

Brit Insurance H1 Martin Thompson "I am pleased to report a strong overall performance for the first half of 2024, with an undiscounted combined ratio of 80.5% (restated 30 June 2023: 82.3%), discounted combined ratio of 70.1% (restated 30 June 2023: 72.0%), and a profit before tax from continuing operations of $362.4m (restated 30 June 2023: $300.0m). These results reflect our clear strategic focus on driving performance and profitability rather than targeting overall premium growth. Looking ahead to the second half of the year and beyond, our diversified and balanced portfolio makes us well placed to benefit from the breadth of Brit’s underwriting and our strong relationships, while remaining mindful of evolving market dynamics. Our strategy, positioning and unique culture gives me great confidence in the outlook for Brit." https://lnkd.in/ekVriHze..

There are only a few men who represent all the best values of the London and Lloyd’s reinsurance market. Michael John Rees was one of them... https://lnkd.in/gTXUNF6p #LondonMarket #insurance #reinsurance #insurancemarket #reinsurancemarket #insurancenews #reinsurancenews

Read my comments in Intelligent Insurer on the current state and outlook for reinsurance markets as discussed today at the American Property Casualty Insurance Association annual meeting in Chicago!