In conversation with
Tom Draper, Managing Director – UK, Coalition
Tom Draper brings a broker’s instincts to the carrier side, having spent a decade at Gallagher before joining active insurer Coalition.
Our chat digs into the active insurance model, what it means in practice, how it changes the broker relationship, and whether it can scale into enterprise.
Tom also tackles ransom trends, the Stryker case, pure destruction attacks, and what continuous telemetry means for where broker value sits in the future.
We’ll be discussing frameworks for identifying concentration exposures in your portfolio, 3 realistic catastrophe scenarios with estimated impact ranges, and shared methodology for stress testing that both primary and reinsurer teams can use in renewals discussions.
What We’ll Tackle:
1. Cloud Infrastructure Aggregation
– Identifying hidden concentrations across AWS/Azure/GCP
– Business interruption triggers from single cloud provider failure
2. Software Supply Chain Dependencies
– Modeling downstream impact of critical vendor compromise
– CrowdStrike-style scenarios – operational failure vs. malicious attack
3. Correlation vs. Independence Assumptions
– Where current models underestimate simultaneous claims
– Geographic/sector diversification – does it actually reduce systemic risk?
4. Realistic Loss Scenarios & Stress Testing
– Building credible catastrophe scenarios with limited historical data
– PML estimates reinsurers will accept vs. what actuaries can defend
Why Now?
Reinsurers are increasingly challenging primary insurers’ accumulation assumptions, while regulators demand stress testing that current models can’t support. With limited historical data for systemic cyber events, both sides need new approaches to quantify concentration risk.
Attendees:
– Head of Cyber Cat Modeling/Portfolio Management
– Chief Actuary / CRO
– Reinsurance Brokers
– Reinsurer Underwriters & Cat Modelers
Participants
THis episode's Guest
Tom Draper
Managing Director, UK @ Coalition
Rick Caccia
CEO @ WitnessAI