Richard Dudley, CEO of UK & International Reinsurance at BMS, joins us on The Reinsurance Podcast yacht in Monaco to explain why handing 40 years of US treaty reinsurance history to Willis was the right call, then takes on climate, sanctions and where AI genuinely helps in reinsurance today.
WHAT YOU'LL LEARN:
- Why BMS sold its US treaty reinsurance business to Willis, and why losing 15% of the business can sharpen focus on the other 85%
- How climate change opens revenue lines beyond weather perils, from renewable energy financing to warranty and indemnity cover
- Why fractured, inconsistent sanctions regimes are quietly a bigger headache for global broking than tariffs
- Why AI's real value in reinsurance is forcing companies to fix broken manual processes before automating them
- How real-time portfolio views could accelerate the shift toward portfolio trading, broker facilities and MGAs
TIMESTAMPS:
00:00 Intro
00:37 Why BMS Sold Its US Treaty Reinsurance Business to Willis
03:35 The Climate Opportunity Reinsurance Keeps Overlooking
05:06 How Fractured Sanctions Are Complicating Global Broking
06:37 Why AI Is Forcing Reinsurers to Fix Broken Processes First
08:04 Real-Time Portfolio Views and the "Minority Report" Future
EPISODE LINKS:
Richard's LinkedIn: https://www.linkedin.com/in/richard-dudley-bms/
BMS: https://www.bmsgroup.com/en
CONNECT WITH US:
Say Hello: producer@thereinsurancepodcast.com
Website: https://www.supercede.com
LinkedIn:https://www.linkedin.com/company/supercedehq
X: https://twitter.com/SupercedeHQ
YouTube: https://www.youtube.com/@SupercedeHQ
RSS Feed: https://anchor.fm/s/7e741c8c/podcast/rss
