Ep147 Alastair Swift Head of CRB Global Lines WTW: The open-scissor market

Todays’ guest is a highly experienced broker. And since right now
is a market absolutely made for brokers of his calibre and
experience, in this podcast Alastair Swift and I get stuck
straight into the reality of the global specialty insurance
market and the ultra-hard reinsurance market. Alastair is Head of
Corporate, Risk & Broking Global Lines of Business at WTW and
is CEO of Willis Limited, so has a view of the state of play in
London that is hard to match. Listen on and you’ll hear: How net
lines and greater syndication are the order of the day as
insurers’ outwards reinsurance renewals stall Why the market is
like an open pair of scissors – up where there are aggregation,
and therefore reinsurance-related, issues and down where there
aren’t. You’ll learn why clients have had enough, and
alternatives such as captives and parametric solutions are
booming. How the cyber market has stabilised and is ready to
continue its exceptional growth. And why some insurers may choose
to increase market share by absorbing higher reinsurance costs
themselves and not passing them on. Alastair’s been on the show
before and it shows through in his confidence and the concise way
he answers all the questions I throw at him So listen on for an
intensely concentrated description of the state of the market
today, right from the eye of the storm, with someone completely
on top of their brief. LINKS We thank our naming sponsor
AdvantageGo: https://www.advantagego.com/