Actuarial Outpost
 
Go Back   Actuarial Outpost > Actuarial Discussion Forum > Careers - Employment
FlashChat Actuarial Discussion Preliminary Exams CAS/SOA Exams Cyberchat Around the World Suggestions


Reply
 
Thread Tools Search this Thread Display Modes
  #31  
Old 09-09-2014, 06:09 PM
Ninja Warrior Ninja Warrior is offline
Member
CAS
 
Join Date: Dec 2009
Posts: 1,143
Default

Quote:
Originally Posted by ReInvigorated View Post
Presumably the multi line reinsurers who are seeing cat margins evaporate will deploy more dolla dolla bill to casualty which will in turn push casualty margins down ...
Maybe the re's can follow Munich's lead and start running brothels.
Anxiously waiting what the reinsurance executives are going to do.

Are they gonna act before it is too late?

Or are they just gonna ignore it and watch the companies' values go down to a point of no return?
Reply With Quote
  #32  
Old 09-09-2014, 06:09 PM
Happy Skunk's Avatar
Happy Skunk Happy Skunk is offline
Member
 
Join Date: Sep 2001
Location: Hangin' with the Political Pundits
Posts: 16,999
Default

Quote:
Originally Posted by dukelampard View Post
They're at the top of the food chain.
They always retrocede to somebody.

ALWAYS. EVERY SINGLE ONE.
__________________
Happy refers to the network of member firms of Happy IDs, each of which is a separate and independent legal entity.
Your foible here
Reply With Quote
  #33  
Old 09-09-2014, 07:35 PM
Colonel Smoothie's Avatar
Colonel Smoothie Colonel Smoothie is online now
Member
CAS
 
Join Date: Sep 2010
College: Jamba Juice University
Favorite beer: AO Amber Ale
Posts: 50,483
Default

Quote:
Originally Posted by Happy Skunk View Post
They always retrocede to somebody.

ALWAYS. EVERY SINGLE ONE.
Yo dawg, we heard you liked reinsurance so we created a reinsurer for your reinsurer so you can retrocede while you retrocede.
__________________
Recommended Readings for the EL Actuary || Recommended Readings for the EB Actuary

Quote:
Originally Posted by Wigmeister General View Post
Don't you even think about sending me your resume. I'll turn it into an origami boulder and return it to you.

Last edited by Colonel Smoothie; 09-09-2014 at 11:31 PM..
Reply With Quote
  #34  
Old 09-09-2014, 07:39 PM
dukelampard's Avatar
dukelampard dukelampard is offline
Member
CAS
 
Join Date: Sep 2006
Studying for FCAS
Posts: 12,076
Default

Quote:
Originally Posted by Happy Skunk View Post
They always retrocede to somebody.

ALWAYS. EVERY SINGLE ONE.
Well, technically, the retrocessionaire is a reinsurer too...
Reply With Quote
  #35  
Old 09-09-2014, 07:40 PM
Colonel Smoothie's Avatar
Colonel Smoothie Colonel Smoothie is online now
Member
CAS
 
Join Date: Sep 2010
College: Jamba Juice University
Favorite beer: AO Amber Ale
Posts: 50,483
Default

Quote:
Originally Posted by dukelampard View Post
Well, technically, the retrocessionaire is a reinsurer too...
We need to find/make the retrocessionaire that retrocedes to NO ONE. Then we will be the gods of the actuarial world.
__________________
Recommended Readings for the EL Actuary || Recommended Readings for the EB Actuary

Quote:
Originally Posted by Wigmeister General View Post
Don't you even think about sending me your resume. I'll turn it into an origami boulder and return it to you.
Reply With Quote
  #36  
Old 09-09-2014, 09:48 PM
therealsylvos's Avatar
therealsylvos therealsylvos is offline
Member
CAS
 
Join Date: Mar 2014
Posts: 17,756
Default

Quote:
Originally Posted by Colonel Smoothie View Post
We need to find/make the retrocessionaire that retrocedes to NO ONE. Then we will be the gods of the actuarial world.
The Gubmint? No one has more prestige than gubmint actuaries!
Reply With Quote
  #37  
Old 09-09-2014, 10:23 PM
yonatan yonatan is offline
Member
CAS
 
Join Date: Jan 2012
College: University of the Hard Knocks
Posts: 42
Default

Quote:
Originally Posted by ReInvigorated View Post
Presumably the multi line reinsurers who are seeing cat margins evaporate will deploy more dolla dolla bill to casualty which will in turn push casualty margins down ...
Maybe the re's can follow Munich's lead and start running brothels.
Not all property reinsurance is catastrophe though. And small companies will probably continue to cede on a quota share basis. Cat bonds tend to replace top layer excess programs, and smaller reinsurers tend to participate less on those treaties. The big guys like swiss munich and hannover are all issuing cat bonds already.
Reply With Quote
  #38  
Old 09-09-2014, 10:25 PM
yonatan yonatan is offline
Member
CAS
 
Join Date: Jan 2012
College: University of the Hard Knocks
Posts: 42
Default

Quote:
Originally Posted by therealsylvos View Post
The Gubmint? No one has more prestige than gubmint actuaries!
Government insurers and reinsurers buy reinsurance/retro as well
Reply With Quote
  #39  
Old 09-09-2014, 10:37 PM
therealsylvos's Avatar
therealsylvos therealsylvos is offline
Member
CAS
 
Join Date: Mar 2014
Posts: 17,756
Default

Quote:
Originally Posted by yonatan View Post
Government insurers and reinsurers buy reinsurance/retro as well
I figured, I was making a joke. Although now that I'm engaging with you I may as well ask, if you're a pricing actuary for a reinsurer, how different is that from primary pricing? For the excess layers I can only assume the only word to describe your data is "sparse", and for treaty reinsurance you're just getting a percentage of the primary, so what's involved on that side of things?
Reply With Quote
  #40  
Old 09-09-2014, 11:30 PM
Harbinger Harbinger is offline
Notes Contributor
CAS
 
Join Date: Feb 2005
Posts: 2,438
Default

Quote:
Originally Posted by therealsylvos View Post
I figured, I was making a joke. Although now that I'm engaging with you I may as well ask, if you're a pricing actuary for a reinsurer, how different is that from primary pricing? For the excess layers I can only assume the only word to describe your data is "sparse", and for treaty reinsurance you're just getting a percentage of the primary, so what's involved on that side of things?
Sparse data is why you also use exposure rating along with experience rating. Simulation modeling helps too.
__________________
har·bin·ger (här'bin-jer): One that indicates or foreshadows what is to come; a forerunner.
Reply With Quote
Reply

Tags
career advice, if you ain't ballin, imo you need to quit!!!, reinsurance

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


All times are GMT -4. The time now is 03:57 PM.


Powered by vBulletin®
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
*PLEASE NOTE: Posts are not checked for accuracy, and do not
represent the views of the Actuarial Outpost or its sponsors.
Page generated in 0.44492 seconds with 9 queries