Insights

Julian James Discusses the Impact of Additional Capital on Pricing in the (re)Insurance Market

November 11, 2020

In the Insurance Insider’s recent London Market Live virtual conference panel discussion, Julian James, Sompo International’s International CEO, shared his view on the impact of the “wall of capital” from start-ups in the market on established players, noting that he believes customers prize strong financial security in their (re)insurance partners more highly than cheap capital, and were keen to trade with partners who would “be around to pay the claim in 10 years’ time”. He added, “Capital without a business plan and the talent to underpin it doesn’t get you there. There is no point giving money to people who have absolutely no idea what to do with it.”

 

Read the full Insurance Insider article.

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