Just beyond the curtain
Rein4ce CEO Mairi Mallon, aka @reinsurancegirl, looks back at November and says we are not seeing the full picture of the depth and breadth of change currently affecting the insurance, reinsurance and ILS markets.It is renewals season, and usually after a marathon of conferences, we would have our fingers on the pulse, knowing not just the rate environment, but also all the gossip, who is going where and doing what with whose money.We would be forgiven for thinking that with all the video technology we are using we can connect with anybody in the world virtually from our home office and still be tuned into what is really happening.But I know we are not getting the full picture. Reading news stories and watching webinars from the market movers and shakers is all fine and well, but we are not getting the inside track. Before COVID-19, we could put this information into context in face-to-face meetings, with tit-bits of information exchanged over coffee or wine, in airport lounges, on long haul flights, in conference lobbies, and the joyous happenchance meetings that we all miss so much.This is the most challenging and revolutionary renewals period I have ever seen – it is one for the history books. Yet from what we are reading and hearing right now, you’d think it was a damp squib.The real story often lurks behind the curtain and I’d like to pull it back. Give me a vaccine and I’ll be out and about again in a flash. See you out there.
This month
Mairi Mallon Chief Executive
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One of the most fun things about working in reinsurance is that it’s such a sociable industry. From lunches in Leadenhall Market to cocktail parties and conferences – think Monte Carlo especially – there’s never a shortage of chances to…
Why does the reinsurance industry do such a bad PR job on itself?
Mention insurance to most people and they are likely to stifle a yawn. They’ll think there is not much more to it than trying to save a few quid on their home or car insurance on a price comparison site…
BIBA 2016 – the biggest insurance show in the world?
Last week the British Insurance Brokers’ Association (BIBA) conference was held in Manchester. Here Sarah Mortimer aka @ILSDiva, talks about the massive broker event. A lot of change, but also similarities The last time I went to the BIBA conference was back…
SIFMA Insurance Risk Linked Securities (IRLS) conference round-up
This year’s SIFMA Insurance Risk Linked Securities (IRLS) conference in New York was not only a great networking opportunity for Rein4ce, but also a chance for me to visit a city I have never been to before. What is the SIFMA Insurance Risk…
Time for insurance to meet and tweet in New York
Roll up roll up, all you insurance, reinsurance and insurance-linked securities (ILS) Twitter tweeps, we are going to have an industry tweet-up on February 25th in New York. We are looking at the Shakespeare, (24 E 39th St, New York, NY 10016).…
Just how many senior women in insurance and reinsurance are there?
It’s time to talk about senior women in insurance and reinsurance. That was my thought after seeing a statistic was posted on Twitter the other day stating that 62% of Canada’s P&C industry’s workforce was female in 2012 (thanks to @xuber for…
How big is the UK Insurance industry vs banking… and #goinsurance!
It would be nice to find out what the comparison in size is between the wholesale UK insurance industry/market and wholesale banking in the UK. I’ve been searching everywhere, but have come up blank. The one statistic I’ve found so…
Why insurance and reinsurance markets are booming (and a great place to work)
I just heard on the radio that the UK may be heading for a triple dip recession. News like that really makes me appreciate working in the insurance and reinsurance sector. With the general doom and gloom on the economy,…
Insurance and reinsurance in London is flourishing – so why does no one know about it?
Insurance – one of the best kept secrets of the UK’s financial services history Last week I went for after works drinks within the City of London with a friend who does not work in financial services. He expressed surprise…
How has the reinsurance and insurance workplace changed in the last 40 years?
I have just read a great blog by Keith Riley on his 40 year career in reinsurance and how the workplace has changed – from the introduction of the fax machine and emails to working by candlelight in the winter of…
Five great tips for actuaries to improve their LinkedIn profiles
Two weeks ago I gave a talk at the Health and Care Conference to a group of actuaries working in insurance and reinsurance on social media, focusing on how they might be able to use it for business – either personally or…
Women in the boardroom – and introducing 100 Women in Reinsurance Group
“Men and women can’t work effectively together in insurance,” I was recently told. Eh what? Let me give you context to the above. Very recently, I spoke to one industry executive who said that he did not think that men…
Reinsurance girl’s blog voted top blogs for insurance law by LexisNexis
Reinsurance Girl is an online influencer We received an email late last night at Rein4ce telling us that this blog has been voted onto the top 50 blogs by the LexisNexis Insurance Law Community. We are delighted, of course. It…
Who was the newcomer at Monte Carlo Rendez-Vous?
Monte Carlo Rendez-Vous round-up Last week the reinsurance world descended on the glamorous Monte Carlo for the annual reinsurance Rendez-Vous. Among the diamonds, champagne and glitz of the setting, real work was being done, brokers standing their ground on reinsurance pricing…
Social media guidelines – free download for insurance and reinsurance firms
Something we hear a lot during PR and social media training with insurance and reinsurance firms is that companies don’t have guidelines in place. Here’s a solution to that problem. At Rein4ce, we feel that social media should be part…
Insurance gets social media (finally) – check out #BIBA2011 and #RIMS2011
Last week UK brokers gathered at their annual event, BIBA 2011 in Manchester and for the first time in UK insurance and broker communities, social media was (finally!) used fairly widely (it’s not like we’ve been writing much about why reinsurance and…
Stirred but not shaken? The true cost of the Japan disaster on reinsurance and insurance
In the past week, the speculation about the terrible events in Japan – and what they will mean for the reinsurance and insurance market – have begun to calm down. Already badly hit by the New Zealand earthquakes and Australian…
Social Media – is it the “Green Eggs and Ham” of insurance, reinsurance and risk management?
I do love Dr Seuss. From reading the books as a child to reading them to my own children, they really are a joy. One of my favourites is “Green Eggs and Ham”. For those of you who have not…
“I don’t believe in social media” – how the insurance and reinsurance professionals have moved on
Some insurers slow to see social media benefits – but it is changing I am still amazed by how many people I still come across that say they don’t “believe” in social media or social networking. But this is no…
Six ways for better social media content planning in 2011
Firstly, Happy New Year to you all – may you all have a prosperous 2011. Secondly, thanks for your support in 2010, and for reading my blog. Last year was a year when many wholesale insurers, reinsurers and service providers…
How to convince executives to use social media? Speak their language
Getting buy in on social media I was just reading the blog post by Mike Wise on getting executives to “buy in” to social media – and it made me think to post up my thoughts on this here as it is…
Insurance and reinsurance companies need better risk management with social media
I had a huge response to a previous posting on Facebook inserting Wikipedia pages of Fortune 500 and FTSE 100 companies without their permission – or even knowledge. It is a potential public relations disaster for insurance and reinsurance companies. Many listed…
Look after your insurance brand on social media – or others will do it for you
Today I was looking for something on Facebook and came across the Lloyd’s of London group site. What I found was a page imported from Wikipedia – this time in Portuguese (!). I’ve talked about this before and how poor…
Willis Re rebrands and Scor results – Monte Carlo Rendez-Vous report
Latest news from Rendez-Vous in Monte Carlo Last night the Rendez-Vous at Monte Carlo, reinsurance’s big annual conference, kicked off in usual glittering style at the Guy Carpenter party in the Hotel de Paris. Sipping glasses of Tattinger, the good…
Monte Carlo here we come – Rendez-Vous Preview
Rendez-Vous Preview It is that time of year again, when the good and the great of the reinsurance world head to Monte Carlo for the annual Rendez-Vous. Bermudians and Americans will already be winging their way across the Atlantic, while most…