HCMA’s Jarad Madea and Howden Re’s Wade Gulbransen join The Insurer TV’s RVS coverage to discuss capital interest and competition in the reinsurance market
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“I think that creates a good opportunity in the reinsurance market to stabilize pricing a bit more in certain ways. I also think it brings healthy competition into the market in terms of the tension around primary reinsurance and their pricing.”
In The Insurer TV’s Rendez-Vous de Septembre interview with Jarad Madea, CEO of Howden Capital Markets & Advisory and Wade Gulbransen, CEO of Howden Re North America, the pair discuss how alternative capital interest has provided stability and competition in the reinsurance market.
Earlier this month, Moody’s Ratings predicted that cat bond issuance will top $20 billion in 2025. In response, Jarad explained how he believes that will create more opportunities in the reinsurance market to stabilize pricing, increasing healthy competition when it comes to primary reinsurance and pricing.
In discussing the increasing interest in ILS, Wade commented on Howden Re’s historic involvement with collateralised markets:
“We talk internally all the time and share with our clients that we’re agnostic to the form of capital. We’re trying to bring risk to the capital providers and match those two parties together to bring the most economical form of capital to the insurance company and, ultimately, the insured who policies support.”
Key topics:
- How risk retention has changed over the past year for clients
- Developments in the public and M&A markets in North America
- Howden Re and HCMA’s US structures
Find the full interview here: Howden Re: Alternative capital interest provides stability and competition in the reinsurance market | The Insurer Tv