Mark Cloutier, Aspen’s Chairman and Group CEO, was recently interviewed by AM Best TV during the 2025 Rendez-Vous de Septembre.
During his interview with Richard Banks, AM Best. Director of Industry Reseach, Mark stated that uncertainty around climate risk and social inflation are factors contributing to reinsurance pricing discipline despite cycle pressures.
He also commented on the growing interest of casualty side cars and third-party capital coming into the longer tail casualty lines and if, at some point, that would start to affect pricing and capacity.
On the subject of protection gaps, Mark expressed his concern that different types of risks are increasing, and their sheer order of magnitude is widening. He added that the insurance industry needs to be doing a better job of deploying capital in the area of protection gaps and innovate to build resiliency and sustainability.
Mark also said that collaboration is of vital importance for the global economies, concluding that if we could work together as an insurance sector to develop new and meaningful solutions that address protection gaps, great opportunities will follow.
Watch the full interview:
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