Cedants are not getting the innovation or creative thinking they deserve from the bigger players and should consider an alternative approach instead, says Mike Schnur, partner at TigerRisk.
Cedants are not getting the service they need or deserve from the big brokers these days. Creative solutions and innovation are all too often being stifled by bureaucracy and corporate politics, with the best people in the big three brokers dealing with clients less and less on a day to day basis.
That is the view of Mike Schnur, partner at TigerRisk, the reinsurance broker formed almost five years ago by industry veterans Rod Fox and Jim Stanard, the former boss of RenaissanceRe. Since then, the company has attracted an impressive pool of talent and big names away from the bigger players and is increasingly winning business too.