The London reinsurance market: regaining lost ground

The Old Library, Lloyd's
Thursday, 12 October 2017
1:15 pm – 2:00 pm
    • Des Potter, Managing Director (Capital Markets), GC Securities, Guy Carpenter
  • Reinsurance webinar

In this IIL reinsurance lecture Des Potter talked about the growing influence of capital from the alternative investment industry on the global (re)insurance market and the UK Governments response with the recently announced new risk transformation legislation. Additionally, he considered what opportunities this new legislation will provide for the London Market.

The 2017 London Matters report highlighted that London continued to lose market share in reinsurance. This decline was underpinned by increased competition from markets with lower cost of capital and expense, including jurisdictions that have actively supported the growth of alternative capital. In response, the UK Government, following consultation with the reinsurance industry, has announced a new set of legal, tax and regulatory rules to address this decline and provide a trusted and robust environment for London to grow its global position.

In conclusion, Des questioned whether London has the desire, talent or ambition to succeed in becoming a leading market for alternative risk transfer?

By the end of this lecture members would have gained an insight into:

  • The growth of the ILS market and its impact on global reinsurance and the London market
  • The new risk transformation legislation, tax and regulatory rules in the UK
  • The potential opportunity for London to use this ILS legislation to innovate and transfer risk to the most efficient source of capital

Speakers Bio:
Des is a senior executive with extensive experience in risk management, reinsurance and banking. Since 2001 he has focused on the (re)insurance industry. He joined Guy Carpenter in 2012 and leads its regulated investment activities in the UK. He is an inaugural member of LMG's ILS Taskforce.

Chair:
Malcolm Newman, Managing Director - EMEA Hub, SCOR P&C.

Venue
  • The Old Library, Lloyd's
  • One Lime Street
  • London
  • EC3M 7HA
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Registration & Security

IIL lectures are open to CII and PFS members
CII and PFS members must register online by 12pm one working day before the lecture
For lectures held in The Old Library, Lloyd's pass holders may also attend and do not need to register
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Contact:
Please contact Patricia Pedraza (020 7397 3911) with any queries regarding the CPD events programme.

CII Accredited

This demonstrates the quality of an event and that it meets CII member CPD scheme requirements.

3/4 hours' CPD can be claimed for this event if relevant to your learning and development needs.

It is recommended that you keep any evidence of the CPD activity you have completed and upload copies to the recording tool as the CII may ask to see this if your record is selected for review. Details of the scheme can be viewed online at www.cii.co.uk/cpd.