Ep238 James Vickers: 1.1.25 - Not a Blind Soft Market

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 I have produced two separate
episodes instead. 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 James Vickers, Chairman of Gallagher Re
International, who has been at the forefront of the reinsurance
broking world for over forty years. The other, Episode 237, is
with David Flandro, Head of Industry Analysis and Strategic
Advisory at Howden Re. With David we examine all the broad macro
factors washing across the reinsurance market and get a great
feeling for the big picture. But in this podcast with James we
get into much more micro detail. This satisfying discussion
examines the annual close encounter between clients’ wants and
needs and reinsurers’ appetites as well as their red lines. A
listen will tell you that this market is not as black and white
as a quick read of some of the simple headlines about declining
prices might have you believe. There are many shades of grey and
an enormous amount of differentiation is happening between
reinsurers and their customers James is on exceptional form and
in this episode he doesn’t duck any of my questions and we don’t
leave any stones unturned. If you want to be really well informed
you need to talk to someone as personable and in the know as
James – come and join us! Gallagher Re has published its
comprehensive 1.1 First View report entitled Differentiation
Rewarded. Make sure you 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.