“We want Capsicum Re to be a centre of excellence for reinsurance capability within Gallagher, which is the third largest insurance broker in the world.” Rupert Swallow
“So we’re in build-up mode at the moment and it’s fairly well established
acquire the interest that they don’t currently own at the back end of 2018.
“If we were to achieve that—it’s not by any stretch of the imagination then the second phase of Capsicum Re would be the build-out of our capabilities in terms of geographical scope and class specialisms, to become a more generalist reinsurance broker able to service all requirements. At the moment we are focused on our specialist capabilities and delivering our products within those specialisms.”
company however. “Our aspiration is for Capsicum Re to be to Arthur J. McClennan. We want Capsicum Re to be a centre of excellence for reinsurance world. It’s an unbelievable opportunity and privilege to be a partner of Arthur
“We have an energising environment and are charging forward.
Everyone at Capsicum Re has a clear line of sight on what our medium- term objectives are and this is a very exciting place to work,” he says.
that risk—how we advocate on their behalf, how we represent them in the marketplace—that’s really what we spend the most amount of time talking to our customers about,” he says.
“Clearly we need products and we have great product specialists here as
well, so we’re able to cover the full spectrum of products that are available from the multi-faceted marketplace.
“The providers of that capacity now, in this incredibly complex
environment, are not simply the traditional reinsurers: there are a multitude of capital providers spread throughout the capital markets, and we feel that we are in a strong position to provide products and risk management for our customers, irrespective of what type of issue they’re facing.”
THE ROAD AHEAD he likes instead to think about the build-up of Capsicum Re in chapters or stages. Capsicum Re is presently in its build phase—establishing its specialisms and bringing on board industry specialists and putting the products together for its clients.
www.intelligentinsurer.com
“One of the things that we are able to do at Capsicum Re is to focus on opportunities as they present themselves: a good example of this would be a market-leading presence in the cyber space and as a result, a number of opportunities were being created on the reinsurance side.
“This is one of the things we’ve been able to focus on and we have
developed a capability that we would like to think of as market-leading. We want to create a capability where a customer thinking about cyber risk and the mitigation of it, would immediately think of Capsicum Re.
“Because we’re a relatively small and entrepreneurial company we
are able to react very quickly to specialist opportunities or focused opportunities. This is obviously an advantage for us—we can be inventively
“No-one yet has a clear understanding about the magnitude of cyber risk, but of course that means that it’s a tremendous opportunity for an intermediary to start creating skills and capabilities and be able to advise customers on the different ways of managing that risk.
“I feel that Capsicum Re is especially able, given its size, to take advantage of those opportunities.”
November 2015 | INTELLIGENT INSURER | 15
SHUTTERSTOCK / SERGEY NIVENS
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