The Market Cycle

In this IIL reinsurance lecture David Flandro gave an overview of the most pertinent and current issues in the insurance and risk transfer business.

David outlined how the insurance and reinsurance sectors have been in a period of particularly dynamic change during the last decade with obvious implications for Lloyd's. Recently, there have been signs that the cycle is again shifting. As the industry passes 1 January, a number of issues are becoming increasingly relevant. Third party capital inflows seem to have moderated. Reserving is again becoming an issue for some carriers. Investment yields remain at historical lows in the UK in the wake of the European referendum and many syndicates' profit profiles have changed.

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

• The evolving profile of the risk transfer sector and its implications for Lloyd's
• The macroeconomic and UK economic issues affecting the sector
• How insured risk transfer is increasingly the most competitive form of capital for risk carriers and corporate clients

Speakers bio:
David is Global Head of Analytics at JLT Re where he previously served as Head of Strategic Advisory, David also helped establish and then led the Global Business Intelligence unit at Guy Carpenter. He holds an MBA in Financial Engineering from MIT.

Chair:
Peter Sydenham, Global Head of Marine Reinsurance, Managing Director Property & Specialty and Head Special Lines Asia Management Team, Swiss Re Services Limited.

CPD events are open to CII and PFS members
Registration closes at 12pm two working days before the event date
For events held in The Old Library, Lloyd's pass holders may also attend and do not need to register
Original Photo ID (Driving Licence, Passport, Work ID with company logo and full name) is required to gain entry to all venues

Conditions:

• Email confirmations and original photo ID must be produced to security staff at the lecture venue
• Attendance confirmations are non-transferable to any other person or lecture
• All venues have limited capacity and registration and/or a Lloyd's pass does not guarantee admission

Please let us know what we can do to make our events fully accessible to you.

Contact:
Please contact Patricia Pedraza (07463 028327) with any queries regarding the CPD events programme.

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