Show Notes
Two years ago Oak Global didn't exist. It now writes over $900m of income across two Lloyd's syndicates, posted an 84% combined ratio in its first year, and did it all in a reinsurance market that had already peaked. Cathal Carr, Founder & CEO, joins Ben at Monte Carlo RVS to explain why there's no perfect time to launch a reinsurer, only a proposition good enough to outlast the cycle.
WHAT YOU'LL LEARN: Why rate adequacy, not rate change, is the number to watch as the reinsurance market softens How a start-up reinsurer keeps growing with discipline by weighing gross and net portfolio composition against return on capital How Oak Global matches capital to risk across a primary reinsurance syndicate and a retro syndicate Why Lloyd's hybrid capital model, talent density and flow of business make London the launchpad of choice Why AI in reinsurance has to be technology built for talent, because nothing replaces trust
TIMESTAMPS:00:00 Intro00:24 Year two at Monte Carlo and the $900m milestone01:29 600 clients and why RVS is for listening02:28 Launching after the peak: why Oak believes in cycles04:07 An 84% combined ratio and growing with discipline05:10 Two syndicates, one for primary reinsurance and one for retro05:46 Matching capital to risk with Bain Capital and Lloyd's Names06:19 Why Lloyd's has been pivotal for a new reinsurer07:24 London's talent density and the flow of global business08:23 Building a culture with no single dominant bias09:47 AI as technology built for talent11:14 Wrap-up
EPISODE LINKS:Cathal's LinkedIn: https://www.linkedin.com/in/cathal-carr-1850b724/ Oak Global: https://oakglobal.com/
CONNECT WITH US:Say Hello: [email protected]: https://www.supercede.comLinkedIn: https://www.linkedin.com/company/supercedehqX: https://twitter.com/SupercedeHQYouTube: https://www.youtube.com/@SupercedeHQRSS Feed: https://anchor.fm/s/7e741c8c/podcast/rss
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