79: Christian Mumenthaler, CEO, Swiss Re, - on reinsurance and ILS market opportunities
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We were recently joined by Christian Mumenthaler, Chief Executive Officer of one of the world\'s largest reinsurance company\'s Swiss Re, who discussed the state of the market, his outlook, the insurance-linked securities (ILS) market and what his priorities are for 2022 in this interview.\\xa0
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\\nOn reinsurance market pricing, Mumenthaler told us, "I\\u2019m really pleased that the industry overall has taken the right steps and we\\u2019re back into an acceptable area." But he warned of the need for rate adequacy to persist across reinsurance, saying that climate risks suggest further rate increases will be necessary.\\xa0
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\\nMumenthaler also explained how Swiss Re\'s alternative capital and insurance-linked securities (ILS) business is developing, highlighting the importance of this to the company.\\xa0
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\\nHe said that he expects more opportunities to deploy alternative capital overtime, with the capital markets an important partner for the reinsurance company he leads.\\xa0
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\\nThe Swiss Re CEO is bullish on opportunities for the capital markets to assist in narrowing natural catastrophe protection gaps and also to provide risk capital to support challenging areas of insurance coverage, such as event cancellation.
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\\nOn reinsurance market pricing, Mumenthaler told us, "I\\u2019m really pleased that the industry overall has taken the right steps and we\\u2019re back into an acceptable area." But he warned of the need for rate adequacy to persist across reinsurance, saying that climate risks suggest further rate increases will be necessary.\\xa0
\\n
\\nMumenthaler also explained how Swiss Re\'s alternative capital and insurance-linked securities (ILS) business is developing, highlighting the importance of this to the company.\\xa0
\\n
\\nHe said that he expects more opportunities to deploy alternative capital overtime, with the capital markets an important partner for the reinsurance company he leads.\\xa0
\\n
\\nThe Swiss Re CEO is bullish on opportunities for the capital markets to assist in narrowing natural catastrophe protection gaps and also to provide risk capital to support challenging areas of insurance coverage, such as event cancellation.