In an interview with Middle East Insurance Review, New Dawn Risk’s Head of Treaty Production, Dermot Dick, explained why small reinsurance brokers are finding a niche in emerging markets as more customers are prioritising value over price.
The article considers how independent, nimble intermediaries are better placed to focus on areas of a client’s business that the larger players may not really be interested in or are not capable of dealing with. This is leading to a shift back to small and medium-sized brokers who are often more responsive to client needs and have the ability to offer bespoke products instead of just providing something off the shelf.