CONTENTS


08 BORN WITH IT At the grand age of 74, former Aon chairman Pat Ryan tells


Intelligent Insurer about his plans, his principles and how he remains motivated.


15 BERMUDA: EMERGING FROM THE GLOOM Intelligent Insurer provides a round-up of results from Bermuda,


and speaks to some of the market’s top executives about their strategies for the future.


26 BEWARE THE COST OF FUTURE RETURNS Solvency II equivalence will force Bermudian insurers to be far


more proactive in terms of how they analyse and forecast their investments, says John Townley of i2i Partners and Matthew Hutchinson, a former portfolio manager at Allianz Insurance UK.


30 SOLVENCY II: THE DILEMMA GR-NEAM’s Jim Bachman and Tobias Gummersbach weigh up


the pros and cons of standard models versus bespoke models and a ‘rules-based’ and ‘principles-based’ approach.


34 MANOEUVRING IN CONSTRICTING CIRCUMSTANCES


Intelligent Insurer speaks to the team at BNY Mellon about the investment options open to insurers facing tighter capital regulation under Solvency II.


37 A CRYSTAL BALL? Richard Urbach from Conning tells Intelligent Insurer how the industry


can benefi t from using modelling technology when contemplating risk/reward profi les.


14 26 30 36


4 | INTELLIGENT INSURER | Spring 2012


15 30 34 37


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