Aon's Nick Frankland on Lloyd's trade capital, retro market, start-ups, and 1.1 renewals
In today's episode, we discuss Lloyd's trade capital, the impact of Covid-19 and the current working environment, the tight retro market, start-ups and scale-ups, and the best ways to attract capital support for new entrants into the marketplace.
We look at the role of alternative capital at Lloyd's and the evolution of the portfolio of business across the short to medium term at Lloyd’s.
The executive also talks about MGAs in a hardening market, Covid-19 as a catalyst for tech and innovation, and how critical reducing costs to the end-customer is.
And we touch upon the future of Aon's Reinsurance Solutions business in the UK, what the combination with Willis Towers Watson means for the company's capabilities, as well as growth opportunities for the reinsurance industry as a whole.
Finally, our guest shares his expectations for the upcoming 1.1 renewals.