Ep147 Alastair Swift Head of CRB Global Lines WTW: The open-scissor market

Todays’ guest is a highly experienced broker. And since right now is a market absolutely made for brokers of his calibre and experience, in this podcast Alastair Swift and I get stuck straight into the reality of the global specialty insurance market and the ultra-hard reinsurance market.Alastair is Head of Corporate, Risk & Broking Global Lines of Business at WTW and is CEO of Willis Limited, so has a view of the state of play in London that is hard to match.Listen on and you’ll hear:How net lines and greater syndication are the order of the day as insurers’ outwards reinsurance renewals stallWhy the market is like an open pair of scissors – up where there are aggregation, and therefore reinsurance-related, issues and down where there aren’t.You’ll learn why clients have had enough, and alternatives such as captives and parametric solutions are booming.How the cyber market has stabilised and is ready to continue its exceptional growth.And why some insurers may choose to increase market share by absorbing higher reinsurance costs themselves and not passing them on. Alastair’s been on the show before and it shows through in his confidence and the concise way he answers all the questions I throw at himSo listen on for an intensely concentrated description of the state of the market today, right from the eye of the storm, with someone completely on top of their brief.LINKSWe thank our naming sponsor AdvantageGo:https://www.advantagego.com/