Sebastian Cook talks about what buyers and reinsurers need from each other on The Reinsurance Podcast by Supercede
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“In a world where our value proposition is a more thoughtful approach to product and advisory, when you’ve got a trading environment where there’s the ability for compromise from reinsurers and clients are probably optimistic about some of the premium that will be available to spend on innovation, we’re excited about the role we can play because that is what we set up the business to do.”
Sebastian Cook, Deputy CEO, Howden Re International was a guest on The Reinsurance Podcast by Supercede.
Seb explained that right now, a priority for Howden Re is helping buyers and sellers find common ground.
“The residual impacts of the 2023 hard market still remain, so that’s certainly still a challenge for our clients and we won’t be the only broker talking about that. I think where we’re really focusing though, is bringing buyers and sellers a bit closer together. I think that’s the only way to grow that marketplace; we have to help our clients solve that net earnings volatility problem.”
Headline topics for the year in the international business include non-peak and per risk activities. However, Seb said in terms of cedents securing their books, the focus is more on their existing financial positioning as opposed to loss activity.
Seb also discussed the full capacity of the Howden capabilities, spanning Howden Re, Howden Capital Markets & Advisory, and Bowood to deliver the best outcomes possible for clients.
Plus, Seb said that one of the many benefits of the Rendez-Vous de Septembre is the ability to put people in a room together who otherwise may not traditionally be meeting, and he’s excited to see what comes in the next year in the industry.
“I’m excited about the favourable market for our buyers, reinsurers are sitting on fantastic results, and there’s an attractive margin for business.”