“It doesn’t mean we’re not going to be innovative and do new things. We’re investing a lot of money in technology and a lot of time in analytics to provide better information for our portfolio management and for our customers. But I don’t see radical changes at TransRe over the next 24 months,” he said.
Executive Summary
Unlike some companies among the latest crop of hedge fund reinsurers, reinsurance is Job 1 at TransRe, according to CEO Michael Sapnar. Here Sapnar discusses two flavors of alternative reinsurance capital, hybrid operating models and the impact of consolidation on the reinsurance sector.In particular, a singular focus on reinsurance is a constant in the TransRe playbook. “We don’t compete with our customers. So you’re not going to buy reinsurance from us today and lose a policy to us tomorrow morning,” Sapnar said, describing the benefits of continuing to operate as a standalone reinsurer.
“That is becoming an increasingly important issue for our clients and customers,” Sapnar believes, flagging it as an advantage in a competitive market. “In a jump ball, we’ll get a better signing. We might get better information because we’re not using it to compete against somebody. We might have a longer and more open dialogue on certain things,” he added.
