Ep 120 Michael Millette: The best market opportunities for 20 years

Today’s guest is someone I have been meaning to get on the show
since this podcast started over two years ago. That’s because he
is one of the smartest and most eloquent executives anywhere in
the sector. We overuse the word pioneer but Michael Millette has
made a career out of innovating at the highest end of our
business. He and a handful of others created the ILS market out
of nothing in the mid-1990s. Then after two incredibly successful
decades at Goldman Sachs, in 2016 he launched Hudson Structured
Capital Management. Hudson Structured is a pretty unique business
because it is combining alternative asset management and finance
with venture capital. I can’t think of another business in
insurance with such eclectic tastes. It can get involved in the
sector from so many angles and at so many points in the value
chain. It’s fascinating and very liberating. Mike has an
incredibly broad and deep understanding of the insurance and
reinsurance sector, all the way up from the first dollar of
personal lines premium to the last cat bond bought by a long-term
investor. He is also fun and outspoken and is never afraid to
take an unambiguous view on topics. In this podcast we cover a
huge variety of subject matter, from the mid-year cat renewals to
ABC which is Mike’s shorthand for ‘All But Cat”! For me he’s one
of those people who make you feel like your IQ just went up a few
points after you have spent some time in their company. So I
won’t come between you and enlightenment any longer. Enjoy the
podcast NOTES I let one abbreviation get through the interview
unexplained. That was CR/I, which is short for Catastrophe
Reinsurance. LINKS We thank our naming sponsor AdvantageGo:
https://www.advantagego.com/ We also thank our advertiser Anaplan
and Conor Donohoe and Daniel Ellis for coming on the show to
explain what Anaplan's platform does for the insurance sector.
Email contacts: conor.donohoe@anaplan.com
daniel.ellis@mentattechnology.co.uk


 


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