The Voice of Insurance Ep260 Louise Rose TransRe: Spotting the Tipping Point
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Jul 8, 2025 Louise Rose, the President of International at TransRe, has nearly 30 years of reinsurance expertise. In this insightful dialogue, she explores the changing dynamics of the global reinsurance market, focusing on strategies for Continental Europe and Asia-Pacific. Louise discusses the transformative influence of AI in underwriting, the critical role of local representation, and the challenges of compliance in casualty insurance. She also highlights the growth of MGAs and the complexities of cyber insurance, making for a compelling snapshot of the industry’s future.
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Market Transition and Tipping Points
- The global reinsurance market is transitioning with general rate softening after a strong hard market phase.
- Identifying the tipping point of pricing softness remains very challenging, evidenced by US professional liability's recent price drop.
Attachment Point Pricing Caution
- Do not lower attachment points without reliable data supporting pricing sustainability, especially in property catastrophe lines.
- Avoid offering products without sound analytics to maintain market long-term viability and client trust.
Invest in Facultative Underwriting
- Expand facultative underwriting globally to select and price individual risks, which generally outperforms treaty results.
- Continue investing in facultative capacity in casualty and property to enhance underwriting discipline and portfolio quality.