BNY Mellon deals with three quarters of the world’s top 100 life companies and almost three quarters of the biggest non-life companies.
Paul Traynor, head of insurance for the EMEA region at the bank, explains to Intelligent Insurer how this provides them with a unique view of the issues insurers are facing.
The annual Monte Carlo Rendez-vous has traditionally kickstarted negotiations between reinsurers and insurers in the run-up to the end of year renewals. The debate traditionally has a firmer edge by the time delegates arrive in Baden-Baden in October, where the parameters of discussions are firmly set out leading up to the 1/1 renewals. It is a cycle the industry has been familiar with for decades.
Increasingly, however, most senior industry executives are using these events to solve other problems they face—and there are plenty of them at the moment. Regulatory challenges, as well as the substantial difficulties being caused by the investment environment, are also very much on the agenda.
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Solvency II, Investment management, Investment services, Monte Carlo, BNY Mellon, Reinsurance, Insurance, Alternative risk transfer