Interesting read helping you to get a feel where Re-
insurers are heading! “We are transitioning into a risk knowledge company that invests into risk pools with long-term growth potential,” explained Swiss Re Group CEO Christian Mumenthaler in the reinsurance firms recent annual report.
It’s a statement that demonstrates Swiss Re’s ambition to no longer be seen as just another reinsurance company as it looks to position itself for a long-term future in a market that has seen significant change and flux over recent years. It’s also a statement that aligns Swiss Re with the mission of the ILS fund management sector, as this is exactly what your average ILS fund is seeking to achieve, long-term appreciation of assets invested into pools of insurance linked risk. How thing’s have changed in the last decade, as it’s not so many years ago when major reinsurers were impressing on their clients the importance of deep balance-sheets and relationships, where as now it is their ability to be innovative and agile, as well as their depth of expertise.