Marine Reinsurer of the Year Award
Reactions magazine named us "Best Reinsurance Company Underwriting Marine 2009" at their London Market Awards for the 2nd year running.
Peter Sydenham, Global Head of Marine, was pleased to accept the prestigious award which acknowledges companies and individuals in the global insurance industry. “To be internationally recognised as the leader in our industry by our clients, brokers and competitors in a very competitive segment of the business is extremely rewarding”, Peter said.
Reactions, a magazine originally produced with a focus on the global reinsurance market, now covers the whole risk transfer spectrum. Its audience consists of executives at insurance and reinsurance companies, brokers, risk managers and service providers. Their London Market Awards (for companies operating in the London market) and Global Awards (for companies operating in any market) are widely recognised for their rigorous and independent judging process: none of the judges can vote on awards where their company could have been eligible – brokers can’t vote on a best broker category, for example.
"The independent judging panel believed that Swiss Re offered the best service in this sector," said Reactions editor Michael Loney.
Peter Sydenham added: "Swiss Re is the largest player in this market. We are also recognised as the go to market. We are known to have expertise and the flexibility to offer a bespoke product to our clients. Time spent with clients gaining a better understanding of their portfolios is appreciated by them."
“A great thank you goes to my team. They have led the way in this market and have provided capacity for different risks”, commented Peter.
Last year after the big storms in the Gulf of Mexico, the team committed capacity – unlike many competitors, who came into play at a later stage because they first wanted to see what was happening in the market. Our marine team pre agreed an underwriting box with clients that included amount at stake and conditions to be covered. They found innovative solutions and with an excellent turnaround time to brokers demonstrated their commitment.
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