{"id":1088,"date":"2025-06-13T14:00:22","date_gmt":"2025-06-13T14:00:22","guid":{"rendered":"https:\/\/beijingcareer.com\/?p=1088"},"modified":"2025-06-15T10:48:22","modified_gmt":"2025-06-15T10:48:22","slug":"global-reinsurance-viewed-as-stable-amid-uncertainty-sp","status":"publish","type":"post","link":"https:\/\/beijingcareer.com\/index.php\/2025\/06\/13\/global-reinsurance-viewed-as-stable-amid-uncertainty-sp\/","title":{"rendered":"Global reinsurance viewed as stable amid uncertainty: S&P"},"content":{"rendered":"

At S&P Global Ratings\u2019 41st Annual North American Insurance Conference, the key topic of conversation was uncertainty, yet S&P believes the industry is well-positioned to withstand it, viewing global reinsurance and North American life and property\/casualty (P\/C) insurance as stable.<\/p>\n

\"S&PThe main areas of uncertainty\u2014and volatility\u2014on the minds of S&P\u2019s external panelists were economics and geopolitics, technology and AI, private credit, extreme weather, and regulation.<\/p>\n

S&P\u2019s first external speaker, Alan Schnitzer, chairman and CEO of The Travelers Cos. Inc., said, “There’s certainly a lot of uncertainty.\u201d He added that uncertainty is “just a way of life” for insurers\u2014a sentiment echoed by CEOs from life, P\/C, brokers, and reinsurance throughout the conference.<\/p>\n

Arthur J. Gallagher & Co. Chairman and CEO J. Patrick Gallagher, Jr. noted that insurance remains “an incredibly important focus of the leadership teams of most of our clients.” He emphasised that a broker\u2019s advisory role becomes even more critical during periods of uncertainty, helping clients navigate insurance-related decisions in an evolving landscape.<\/p>\n

Carl Lindner III, Co-CEO of American Financial Group Inc., added, “Day to day, we’re pretty much in the business of managing risk and uncertainty.\u201d<\/p>\n

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Tony Cheng, president and CEO of Reinsurance Group of America Inc. (RGA), said, “We actually like complex environments,\u201d as the uncertainty spurs demand for the long-term benefits that life insurers provide, and thereby life insurers’ demand for reinsurance.<\/p>\n

Despite this optimism, Carmi Margalit, Managing Director and life insurance sector lead at S&P Global Ratings, said uncertainty is the main reason S&P\u2019s sector view for life insurance is stable, not positive. A possible recession or economic slowdown could put insurers’ investment portfolios at risk.<\/p>\n

Paul Gruenwald, Global Chief Economist at S&P Global Ratings, noted that S&P does not include a recession in its baseline view. However, he stressed that it is the uncertainty\u2014and associated volatility\u2014that is driving forecast changes, not any specific policy.<\/p>\n

Additionally, panelists expressed growing interest on the life side in offshore reinsurance vehicles\u2014especially in Bermuda.<\/p>\n

Jeff Burt, Co-CEO of Aquarian Insurance Holdings LLC, said, “The biggest benefit that Bermuda has over all the other offshore jurisdictions is the track record and the experience.\u201d<\/p>\n

Imran Siddiqui, CEO of Talcott Financial Group, commented, “The decision on where to reinsure is mainly driven by clients’ preference in jurisdiction and what ultimately serves the policyholders best.”<\/p>\n

While mutual company CEOs O’Malley and Hilger said they are not opposed to offshore reinsurance, they have yet to use it. O’Malley said his jurisdiction of choice is America. Meanwhile, RGA maintains its own offshore reinsurance. Cheng emphasised the need for well-regulated offshore jurisdictions to ensure a relatively level playing field.<\/p>\n

Amid all this uncertainty, S&P believes the industry is well-positioned to withstand it. Reflecting S&P\u2019s stable sector views on North American life and P\/C insurance and global reinsurance, panelists also emphasised the stability the insurance sector provides in times of uncertainty.<\/p>\n

The post Global reinsurance viewed as stable amid uncertainty: S&P<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

At S&P Global Ratings\u2019 41st Annual North American Insurance Conference, the key topic of conversation was uncertainty, yet S&P believes the industry is well-positioned to withstand it, viewing global reinsurance and North American life and property\/casualty (P\/C) insurance as stable. The main areas of uncertainty\u2014and volatility\u2014on the minds of S&P\u2019s external panelists were economics and […]<\/p>\n","protected":false},"author":1,"featured_media":1090,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[12],"tags":[],"_links":{"self":[{"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/posts\/1088"}],"collection":[{"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/comments?post=1088"}],"version-history":[{"count":3,"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/posts\/1088\/revisions"}],"predecessor-version":[{"id":1092,"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/posts\/1088\/revisions\/1092"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/media\/1090"}],"wp:attachment":[{"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/media?parent=1088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/categories?post=1088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/tags?post=1088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}