{"id":10088,"date":"2025-07-11T10:11:42","date_gmt":"2025-07-11T10:11:42","guid":{"rendered":"https:\/\/www.advantagego.com\/en-us\/?p=10088"},"modified":"2025-07-11T10:11:44","modified_gmt":"2025-07-11T10:11:44","slug":"voi-podcast-with-louise-rose-of-transre","status":"publish","type":"post","link":"https:\/\/www.advantagego.com\/en-us\/content\/voi-podcast-with-louise-rose-of-transre\/","title":{"rendered":"TransRe\u2019s Rose: Underwriting integrity should anchor reinsurance innovation"},"content":{"rendered":"\n<p><iframe title=\"Ep260 Louise Rose TransRe: Spotting the Tipping Point\" allowtransparency=\"true\" height=\"150\" width=\"100%\" style=\"border: none; min-width: min(100%, 430px);height:150px;\" scrolling=\"no\" data-name=\"pb-iframe-player\" src=\"https:\/\/www.podbean.com\/player-v2\/?from=embed&amp;i=jgsqk-18fc097-pb&amp;share=1&amp;download=1&amp;fonts=Tahoma&amp;skin=3267a3&amp;font-color=auto&amp;rtl=0&amp;logo_link=episode_page&amp;btn-skin=1b1b1b&amp;size=150\" loading=\"lazy\"><\/iframe><\/p>\n\n\n\n<p><strong>Louise Rose, President of international at TransRe, shares her view on global market dynamics, AI, MGAs, and the state of casualty reinsurance\u2014with a call to uphold underwriting discipline in an evolving risk landscape.<\/strong><\/p>\n\n\n\n<p>With oversight of TransRe\u2019s business outside the Americas, Louise Rose has one of the broadest roles in the international reinsurance market. Her global perspective comes with an emphasis on decentralisation.<\/p>\n\n\n\n<p>\u201cWe\u2019re big believers in local representation, local people with local knowledge, understanding the culture, local language, and really writing the business as close to source as we can,\u201d she said, speaking on the latest episode of the award-winning Voice of Insurance podcast.<\/p>\n\n\n\n<p>Reinsurer TransRe operates 10 offices across Europe and Asia Pacific, with hubs in London and New York, and Rose noted that the company\u2019s strategy is tailored to each region. That means not forcing a rigid product mix into every market.<\/p>\n\n\n\n<p>\u201cYou do have to have different strategies,\u201d she explained. \u201cWe export all of the knowledge that we\u2019ve built up in the organisation across all the different regions&#8230; and make sure we get that know-how, that expertise, to our clients, wherever they are.<\/p>\n\n\n\n<p>\u201cIt\u2019s not a hard and fast strategy to have that split anywhere else, but it\u2019s really to challenge ourselves around product, to make sure that we recognise local nuance,\u201d she added.<\/p>\n\n\n\n<p><strong>Market transition<\/strong><\/p>\n\n\n\n<p>Rose described the global reinsurance market as \u201ctransitioning\u201d, with rates softening at renewals after a sustained period of hardening. However, she also warned of the danger in missing turning points, particularly in casualty, if or when softening goes too far.<\/p>\n\n\n\n<p>\u201cOur industry has historically been terrible at spotting the tipping point,\u201d she said. \u201cThe danger right now is not the pricing in 2025\u2014and probably not even 2026\u2014but complacency.\u201d<\/p>\n\n\n\n<p>In <a href=\"https:\/\/www.advantagego.com\/content\/voi-podcast-with-bill-ofarrell-co-founder-and-ceo-of-premia-holdings\/\" target=\"_blank\" rel=\"noreferrer noopener\">US casualty insurance<\/a>, a recurring topic of reinsurer concern, she warned that professional liability has seen rates fall \u201crapidly\u201d since 2023. <a href=\"https:\/\/www.advantagego.com\/en-us\/lines-of-business\/general-liability\/\" target=\"_blank\" rel=\"noreferrer noopener\">General liability<\/a> has seen further deterioration\u2014even in supposedly improved years like 2021 and 2022.<\/p>\n\n\n\n<p>\u201cWe\u2019re maintaining a portfolio with those that we believe are navigating through, keeping the limits compressed, keeping the rate,\u201d she said. \u201cThe million-dollar question is, is it enough?\u201d<\/p>\n\n\n\n<p>Rose was similarly cautious on <a href=\"https:\/\/www.advantagego.com\/en-us\/content\/catastrophe-risk-in-focus-a-single-view-of-risk\/\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.advantagego.com\/en-us\/content\/catastrophe-risk-in-focus-a-single-view-of-risk\/\" rel=\"noreferrer noopener\">property catastrophe reinsurance<\/a>. Though reinsurers have enjoyed strong returns in recent years, she said downward pressure is mounting, especially on attachment points, which have remained relatively consistent even as pricing has slipped.<\/p>\n\n\n\n<p>\u201cWe know clients would like more protection for that earnings volatility piece. We get that, but it\u2019s not sustainable,\u201d she said. \u201cYou can\u2019t offer products that aren\u2019t supported by good analytics and where pricing over a cycle isn\u2019t sustainable.\u201d<\/p>\n\n\n\n<p><strong>AI, MGAs and discipline<\/strong><\/p>\n\n\n\n<p>On reinsurer\u2019s use of artificial intelligence (AI), Rose said she sees near-term benefit in process improvement, but believes the emerging technology will eventually transform how data is mined and interpreted.<\/p>\n\n\n\n<p>\u201cWe\u2019re certainly not harnessing the full power of AI yet to mine that data and draw the conclusions,\u201d she said. \u201cBut the next phase will be a game changer.\u201d<\/p>\n\n\n\n<p>She also expressed concern over parts of the MGA and fronting markets where underwriting standards are seen to have slipped.<\/p>\n\n\n\n<p>\u201cOur concern is where is the underwriting focus in that chain? And we think that has been lost a little bit,\u201d she said. \u201cAt the core of insurance has to be underwriting integrity. If you lose that from the chain, we don\u2019t think it\u2019s sustainable.\u201d<\/p>\n\n\n\n<p>Despite these challenges, Rose is optimistic about growth opportunities, especially in European and Asia Pacific markets within her ambit. However, her focus remains on building sustainable partnerships, built on discipline and mutual understanding.<\/p>\n\n\n\n<p>\u201cThe key is to listen and understand the motivation for purchase,\u201d she said. \u201cEvery single one of our clients is a partner, but they want us to partner with them in different ways.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Louise Rose, President of international at TransRe, shares her view on global market dynamics, AI, MGAs, and the state of casualty reinsurance\u2014with a call to uphold underwriting discipline in an evolving risk landscape. With oversight of TransRe\u2019s business outside the Americas, Louise Rose has one of the broadest roles in the international reinsurance market. Her [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6594,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false,"footnotes":""},"categories":[19,26],"tags":[39,14],"line-of-business":[28,20],"class_list":["post-10088","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-podcasts","category-latest-insights","tag-reinsurance","tag-underwriting-workbench","line-of-business-general-liability","line-of-business-property"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/posts\/10088","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/comments?post=10088"}],"version-history":[{"count":0,"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/posts\/10088\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/media\/6594"}],"wp:attachment":[{"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/media?parent=10088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/categories?post=10088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/tags?post=10088"},{"taxonomy":"line-of-business","embeddable":true,"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/line-of-business?post=10088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}