Ep303 Will Bridger Compre: Beyond traditional Legacy
In insurance we love to divide ourselves into different mutually-exclusive tribes.
Life and non-life, property and casualty, marine and non-marine. Long and short tail Traditional balance sheet reinsurance and Insurance-Linked Securities.
And not forgetting - live and legacy.
But the fact is that as the global insurance ecosystem becomes more sophisticated there are really only two major differences. Different types of insurance skills and different types of insurance capital.
Legacy is a case in point. It has long since outgrown its claims administration roots and developed into the provision of increasingly complex forms of capital relief for the live market that are bringing it closer and closer to live risk.
Today’s guest is the embodiment of that change.
Will Bridger came into the legacy insurance world through investment banking, not claims handling.
As Group CEO of Compre he has overseen extraordinary growth with a balance sheet that has moved from the tens of millions to the low-single-digit billions.
If you think you already know legacy, you need to listen to Will. For example, Compre’s current plans envisage only one third of group activity coming from what we would think of as traditional run-off.
So where are the other two thirds going to come from? Ever closer relationships with live carriers that bring more predictable renewal-style income streams, underwriting sidecars and pre-packaged legacy arrangements with alternative capital providers are all part of the mix.
This is a fascinating conversation with someone who has developed into an insurance person as dyed-in-the-wool and baked into the insurance ecosystem as the best of us.
Will is fun to spend time with and a great communicator.
Forty minutes with him and your whole perspective about the legacy market, where it is heading and the value it might be adding to the global insurance whole will change completely.
LINKS:
We thank our naming sponsor AdvantageGo, now part of Sapiens:
https://www.advantagego.com
Life and non-life, property and casualty, marine and non-marine. Long and short tail Traditional balance sheet reinsurance and Insurance-Linked Securities.
And not forgetting - live and legacy.
But the fact is that as the global insurance ecosystem becomes more sophisticated there are really only two major differences. Different types of insurance skills and different types of insurance capital.
Legacy is a case in point. It has long since outgrown its claims administration roots and developed into the provision of increasingly complex forms of capital relief for the live market that are bringing it closer and closer to live risk.
Today’s guest is the embodiment of that change.
Will Bridger came into the legacy insurance world through investment banking, not claims handling.
As Group CEO of Compre he has overseen extraordinary growth with a balance sheet that has moved from the tens of millions to the low-single-digit billions.
If you think you already know legacy, you need to listen to Will. For example, Compre’s current plans envisage only one third of group activity coming from what we would think of as traditional run-off.
So where are the other two thirds going to come from? Ever closer relationships with live carriers that bring more predictable renewal-style income streams, underwriting sidecars and pre-packaged legacy arrangements with alternative capital providers are all part of the mix.
This is a fascinating conversation with someone who has developed into an insurance person as dyed-in-the-wool and baked into the insurance ecosystem as the best of us.
Will is fun to spend time with and a great communicator.
Forty minutes with him and your whole perspective about the legacy market, where it is heading and the value it might be adding to the global insurance whole will change completely.
LINKS:
We thank our naming sponsor AdvantageGo, now part of Sapiens:
https://www.advantagego.com
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