Sebastian Cook, David Flandro and Andy Souter sit down with Intelligent Insurer to examine the implications of Howden Re’s Who Dares Wins report for APAC’s reinsurance market
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As the industry gathers for the Singapore International Reinsurance Conference, Sebastian Cook, David Flandro and Andy Souter spoke with Intelligent Insurer about insights from Who dares wins, Howden Re’s latest market report, and what they mean for Asia-Pacific.
Sebastian Cook, Deputy CEO, Howden Re International, said, “we are in a phase of hard market softening. Rates have moderated from the 2023 peak but remain well above the 2010s. Investors have been rewarded with excellent near-term results, enabling reinsurers to pursue growth strategies in the coming renewals.”
David Flandro, Head of Industry Analysis & Strategic Advisory, Howden Re, added, “geo-political risk is elevating global risk premia and increasing complexity and capital constraints. The global protection gap remains stubbornly high. The industry’s priority is to strike the right balance between maintaining underwriting discipline while ensuring long-term partnership with clients.
From an APAC perspective, Andy Souter, Head of Asia Pacific, highlighted innovation and diversification as regional priorities. “Parts of APAC are using this transition to accelerate product development — from parametric solutions to tech-enabled distribution,” he said. “Transparency and trust will define success.”
As reinsurers in APAC navigate a new equilibrium, ‘Who dares wins’ underscores a clear message: the next phase of growth will be built on insight, collaboration and disciplined opportunity.