Mike Sapnar on the ILS market, strategic capital relationships and diversity issue: Part II

In the second instalment of our two-part interview with TransRe President and CEO Mike Sapnar, we discuss property cat and what's happening in the ILS market, as well as strategic capital relationships.

We start by asking Mike how dynamics in the ILS market are impacting property cat in the build up to 1.1 renewals. The chief executive also gives his view on the insurability of pandemics, public/private solutions and systemic cyber exposures.

Next, we look at lessons about aggregation and unmodelled exposures that come from Covid-19, as well as the growing movement against racial inequality and the diversity issue the industry is facing. 

Mike shares practical steps that firms could take to address it and foster change, as well as attract young talent into organisations, given the generational talent challenge within the industry.

Listen to the second half of our interview with Mike Sapnar.

Part I can be found here and covers market dynamics, reinsurance pricing, investment environment, reinsurance demand, and lessons from Covid-19.