QBE, the global re/insurer, sees alternative reinsurance capital as an important lever to allow the company to deliver sustainable returns in the mid-teens, according to its CEO Andrew Horton and CFO Chris Killourhy, with recent catastrophe bond and casualty sidecar initiatives seen as early deals to help in building a profile within ILS markets.
It’s always notable when major global insurance and reinsurance players acknowledge how efficiently tapping capital market investor appetite for more direct access to the returns from their underwriting can help them essentially lever their own balance-sheet capital.
One of the key themes resonating through the QBE Group results announced today and the firm’s earnings call, was the topic of “capital efficient growth.”
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