Today’s Episode is half of a duo of special podcasts released simultaneously that are looking to summarise the 1.1 reinsurance renewals. In previous years I have compiled these interviews into a documentary-style episode to work as a précis, but this year I enjoyed my interactions so much that I really didn’t want to be chopping them up into clips, so there are two instead of one. Both my guests will be familiar to regular listeners and they both bring very different, very complimentary qualities. For a full picture of the renewal and the current state of the reinsurance market I highly recommend you listen to both This Episode is with David Flandro, Head of Industry Analysis and Strategic Advisory at Howden Re. David has a deep analytical background, but in his long career has not, as far as I am aware, had to broker and place a risk in anger. The other, Episode 238, is with James Vickers, Chairman of Gallagher Re International, who has been at the forefront of the reinsurance broking world for over forty years. With James I will be getting more into the detail of the cut and thrust of the annual duel between clients’ wants and reinsurers’ red lines and ascertaining this highly experienced broker’s feel for today’s marketplace. But let’s get back to this podcast. In this lively discussion we examine all the macro factors washing across the reinsurance market in great detail. A listen will be a great education on how the best analysts gain their understanding of the market and will give you a good idea of where we are now and where we might be heading in 2025, provided external events don’t blow us off course. David may be one of the smartest people in our business, but he’s also great fun to spend time with. He is so good at explaining complicated ideas about the fundamental capital building blocks of insurance and reinsurance and the factors that affect them, that he always makes me feel a lot smarter for having spent time with him. NOTES Howden Re has published an extremely detailed and comprehensive report full of insights entitled Past the Pricing Peak Read it along with this Episode. LINKS: We thank our naming sponsor AdvantageGo: https://www.advantagego.com We also thank audio advertiser, The Insurance Network (TIN), organiser of the highly-successful TINtech events series. This week they are advertising their successful TINtech London Market event, which will be happening on 4th February 2025.

Ep237 David Flandro Howden Re: 1.1.25 - The water is still warm

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