Rich Miller describes complex market position for Marine, Energy & Terror for Intelligent Insurer’s Monte Carlo Today
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“Capacity expansion is keeping pressure on rates, but the real differentiator now isn’t balance sheet size; it’s execution, technical edge, and creativity. Legacy relationships alone aren’t enough. New providers are looking for growth and relevance, that gives us scope to innovate collaboratively with clients.”
We’re pleased to share the Intelligent Insurer’s article featuring Richard Miller, Managing Director, Specialty Reinsurance at Howden Re.
In “Marine & energy; mind the risk”, Rich describes how capacity is abundant in the market, pricing is under pressure but structural shifts in coverage and risk are defining the next phase.
Plus, Rich identifies areas for improvement in the market such as the lack of a dedicated model for strike, riot, and civil commotion (SRCC).
“The absence of SRCC modelling is one of the biggest blind spots in the market,” said Rich. “It has held back innovation. At Howden Re, we are working on ways to address this in time for Q1 renewals.”
Rich said the months ahead are not simply about securing capacity, but about finding partners with the technical edge, creativity and collaborative mindset to navigate a market in transition. For Howden Re, the opportunity is clear: to help shape the next phase of the MET reinsurance market by combining global reach, specialised expertise and integrated solutions that respond to risk as it evolves.