AM Best's
Europe Insurance Market & Methodology Briefings – London

AM Best's Europe Insurance Market & Methodology Briefings - London took place on Tuesday, 7 November 2023.

This year's insurance market briefing featured AM Best rating analysts and industry leaders presenting and discussing their analysis of and perspectives on the insurance industry in times of increased uncertainty.

The guest keynote presentation for this year's conference was delivered by Adrian Cox, CEO, Beazley.

Insurance Market Briefing Agenda

09:00Welcome and Introductory CommentsNick Charteris-Black
Managing Director, Market Development - EMEA

EMEA Market Overview
Update on Credit Rating Activity and Outlooks

  • Rating trend developments
Greg Carter
Managing Director, Analytics - EMEA & AP

Thematic Session: Dealing with the Permacrisis/Polycrisis

Examining re/insurer challenges in a time of complex broader macro issues of inflationary pressures, interest rate rises, cyber exposure, bank instability, geopolitical and climate risks.

  • Navigating a heightened operating environment in a world with greater uncertainty and increased inter-connectivity of risks
  • Mitigation strategies and the industry's response
  • Preparedness for the future events
Dr Angela Yeo
Senior Director, Head of Analytics - Amsterdam

Mahesh Mistry
Senior Director, Head of Analytics - London


Keynote Presentation: ‘Climate Change and Insurance’

  • The insurance industry’s role in supporting business to manage the challenge of climate change
Adrian Cox
CEO, Beazley


Coffee Break




Thematic Session: Reinsurance Market Highlights 

  • AM Best's trend analysis on the global reinsurance sector
  • Will pricing discipline be maintained?
  • Global reinsurance outlook and the drivers of future rating movements
  • Capital management challenges: will new capital appear?
  • Impact of alternative capital and ILS
  • Key rating issues impacting all reinsurers


Greg Carter
Managing Director, Analytics EMEA & Asia Pacific

Thematic Presentation: Evolution in the Insurance Distribution model 

  • Division of capital, underwriting development, and other emerging dynamics for MGAs, MGUs and other DUAEs.
Myles Gould
Director, Credit Rating Criteria, Research and Analytics

Panel Discussion: Capital Management

  • Access to capital
  • Debt Issues
  • Freeing up capital (run-off disposals)
  • 3rd Party Capital
  • Managing investor, rating agency and regulatory expectations
  • Model conflict/divergence
  • Richard Banks, Director, Industry Research - EMEA, AM Best
  • Dr Mathilde Jakobsen, Senior Director, Analytics, AM Best
  • Andy Moore, London Market Leader and UK Insurance Regulatory Leader, PwC
  • Brian Bissett, Group Chief Financial Officer, Convex
  • Shireen Gammoh, Global Head of Capital Advisory & Modelling, Gallagher Re
  • Cameron Parker, Head P&C Structured Solutions ContEurope, UK/Ireland, Middle East & Africa, Swiss Reinsurance Company Ltd
12:50Closing CommentsNick Charteris-Black
Managing Director, Market Development - EMEA
13:00Networking Lunch

Methodology Briefing Agenda


Welcome and Introductory Comments

  •  Session Overview
Mahesh Mistry
Senior Director, Head of Analytics - London

Benchmarking EMEA Ratings

  • Latest benchmarking analysis and deep dive into building blocks
  • Key observations and trends

Jose Berenguer
Associate Director, Analytics 

Ben Diaz-Clegg
Senior Financial Analyst 


Closer Look—Revisions to Holding Company Analysis and Available Capital

  • Revisions to BCRM: Section IV: Holding Company Analysis
  • Revisions to Available Capital and Insurance Holding Company Analysis
  • Observations and considerations


Kanika Thukral 

Associate Director, Analytics 

Michael Dunckley
Associate Director, Analytics 



Criteria Focus — The Importance of Stress Testing

  • Key criteria consideration
  • Focus on Catastrophes – Natural and Man-made – how risk is changing (including climate risk and cyber exposure management)
  • Importance of reverse-stress testing

Jessica Botelho Young

Associate Director, Analytics

Valeria Ermakova
Associate Director, Analytics

IFRS 17 - In Action. Current State of Play

  • Developments and challenges
  • AM Best’s latest position
  • Ratings impact
  • Market disclosures and comparability
  • Making decisions on key performance indicators

Anthony Silverman
Director, Credit Rating Criteria, Research & Analytics



Please read our compliance discussion guidelines.

When & Where:

Tuesday, 7 November 2023

etc.venues, St Paul's, 200 Aldersgate, London, EC1A 4HD, United Kingdom

AM Best's Europe Insurance Market & Methodology Briefings – London
9:00–16:30 GMT

AM Best’s Europe Insurance Market Briefing - London
9:00–14:00 GMT

AM Best's Methodology Briefing - London
14:15–16:30 GMT

View Insurance Market Briefing Presentation

View Keynote Presentation

View Methodology Briefing Presentation

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