Ep.8 Japan, Florida and Casualty renewals preview – Steve Arora, Axis Re

Friday Feb 07, 2020

There is a lot to play for in 2020

The reinsurance market has a lot invested in the major 2020 renewals and has high expectations of re-pricing in April, June and mid-year.

Japanese Typhoon has been active in the last couple of seasons and loss development has re-written the models and taken everybody by surprise.

Florida has been busy developing its losses of 2017 and 2018 in new and surprising ways.

And of course tension has been building in the US casualty world which renews in mid-year. Original rates have moved sharply upwards and loss trends and reserving have been coming under a bright spotlight.

That’s why I was really lucky to catch up with Steve Arora the CEO of Axis Re at Axis’s fantastic London offices in the shiny and angular new skyscraper in the building opposite Lloyd’s known colloquially as the Scalpel.

Axis Re wrote $3.2bn of gross premium in 2019 and has an ambition to break into the top 10 global reinsurers.

Steve took up his post at Axis Re just over 2 years ago.

In our talk we dissect all the dynamics of the big 2020 renewal seasons in a lot of detail – and much more besides…