The influx of new capital has profoundly changed the reinsurance marketplace. It has lowered reinsurance rates, improved terms and conditions, and impacted reinsurer profitability.
Executive Summary"Wall Street investors operate in a culture of constant improvement. They don't want just another transaction; they want a deal better than the last," says TigerRisk's Rod Fox, explaining that capital and culture have changed the world of reinsurance brokerage.
The same influx of capital has also profoundly changed the reinsurance broking space. Size and market leverage, once considered important attributes for a broker, are no longer relevant. Now it’s new ideas, innovation and execution that are important.
Consider just a few of the recent innovations and creative solutions new to the marketplace: