QBE Re’s Post

Thank you to Lloyd's and presenters for an insightful CMD, Lloyd's first. Key chart for me was a more sophisticated way to present expected returns - the first exceedance probability loss curves produced for the Lloyd's market. This suggests for 2024 £5.9bn of profit from underwriting and syndicate investment returns, with a 90% chance of breakeven or better, before return on Funds at Lloyd's (estimated at £1.7bn). The sum of both equates to an 18% return on capital for the market, before leverage. An attractive risk/return, albeit the medium-term market track record underlines the importance of on-going focus on underwriting and cost disciplines, even while attracting new business and capital, all management priorities, as set out in these slides: https://lnkd.in/eYmvsTx4 (see slides for disclosures and details on chart) John Neal, Patrick Tiernan, Burkhard Keese, Amanda Blanc, Richard Watson, Ryan Mather, Alexandra Cliff

Turns out that you can cover a lot of important topics in under five minutes! Risk appetite, data and technology, and the talent issues facing the insurance industry are all discussed! Thanks to Meg Green for spending time with our Swiss Re Corporate Solutions North America CEO Katie McGrath. https://lnkd.in/ehZ7bV9f

Last week, Hampden's Head of Research, John Francis, joined speakers from Lloyd's, Beazley, Tokio Marine Kiln and others at the Association of Lloyd's Members - ALM Ltd summer conference hosted at the Haberdashers Hall.     John spoke to the attendees about “New Syndicates: The Success Equation – Untangling Skill, Luck and Timing”, concluding that:    - We are in the best underwriting conditions in at least two decades.    - There is an importance of timing when creating a new syndicate, in both soft and hard markets.    - In an increasingly complex, global world, the value of insurance in managing risk is rising.    It was a real pleasure to be a part of this summer conference, joining our clients and colleagues in discussing the investment opportunities that Lloyd's provides.    For more information on how to benefit from investing at Lloyd's or about Hampden Agencies Limited and the services we provide, please visit https://lnkd.in/eWnbMSQ9.    #LloydsofLondon #HampdenAgenciesLimited #investment  #capitalmanagement #assetmanagement #highnetworth #hnwi   #familyoffices #lloydsoflondon #londonmarket #familyoffice  #insuranceindustry #insuranceagency #insuranceadvisor #insurance  #insurancepodcast #reinsurance #insuranceindustry #insuranceagency #insuranceadvisor #ALM #AssociationOfLloydsMembers #HaberdashersHall   (Capital may be at risk)

As the re/insurance industry prepares for the upcoming renewals season, starting with Monte Carlo’s Rendez-Vous de Septembre, we at Intelligent Insurer want to hear from you! We're conducting our 2024 pre-renewals season survey, and this is your chance to share your insights and expectations as we approach this critical time for the industry. We'll be exploring key topics such as: Will rates rise or fall? Will terms and conditions face pressure again? How might macroeconomic and political changes shape discussions? Your responses will remain confidential, with all data aggregated to ensure anonymity. The results will be featured online and in our conference publications this September. Take the Survey Now: https://ow.ly/PAs050T0YY3 The deadline for submissions is August 30, 2024. Your input is invaluable in shaping a collective view of the industry's direction ahead of renewals. If you have any questions, feel free to reach out. Thank you for your time and insights! #Insurance #Reinsurance #IndustryInsights #RenewalsSeason #Survey

From Problem to Progress - Last year 21% of all new hires and 27% of graduates and apprentices hailed from ethnically diverse backgrounds in the Lloyd’s market. Here’s my breakdown on how organisations like Equity City and Lloyd's are coordinating efforts across the market to make meaningful impact

Last Call: Your Insights Needed Today! Today is the final day to have your say in the Latin America Re/insurance Survey 2025—and we want to hear from you before the clock runs out! With Miami Reinsurance Week just around the corner, your perspective will directly shape our live coverage and help us dive into the key trends and challenges facing the Latin American market. This is your opportunity to influence the insights we share at the event! Survey closes TODAY—January 31! Click here to contribute now: https://ow.ly/MMnG50UNzTK Don’t miss your chance to make an impact on the region’s re/insurance conversation. #LatinAmericaSurvey #ReinsuranceInsights #MiamiReinsuranceWeek

Recently, I had the opportunity to speak with Brian Cohen on What’s the Deal. We discussed what sets Live Oak Bank apart from other lenders, the importance of having your financial house in order and the benefits of using SBA loan products to grow your business.     Listen to the episode on What’s the Deal to learn about the trends we are seeing in the HVAC and plumbing industry, business financials, and more: https://lnkd.in/ea8XWN58 Thanks for having me, Brian Cohen!

Curious about Agency MBS? Check out this breakdown of the size, composition and valuation of the Agency Market.

Excellent presentation, Skyler Weinand, CFA! You highlighted how consensus prepayment speeds can differ significantly from actual speeds. To make matters worse, major model projections are also often inaccurate. So, what’s the solution? We believe the best approach is a data-driven strategy that avoids reliance on subjective consensus speeds or opaque black-box models. https://lnkd.in/eE66MiH7 #mbs #mortgage #prepayments

Changing risk landscapes and insurance trends form promising markets for reinsurers worldwide. Yet operational adaptation is necessary, in order to gain competitive edge in challenging lines like casualty or in natural perils, to manage inflation across the cycle and to stay resilient in the wake of adverse external trends. Dr. Ulrich Kleipaß Carsten Küst