Barry Gilway

Citizens CEO warns FL carriers may need state capital support even if FL reform enacted

2022-12-07T19:49:00+00:00

Citizens CEO Barry Gilway has said he has “high expectations” next week’s Florida special session will pass major tort reform that could in time lead to depopulation of the insurer, but also warned that ailing domestic carriers may need state support to stay in business before any legislative changes take ...

Liberty Mutual Insurance

Liberty Mutual to pull first $500mn cat XoL layer as it looks to buy more at top

2022-12-07T16:26:00+00:00

Liberty Mutual has come to market with a structure for its US property catastrophe reinsurance tower that removes the first $500mn xs $500mn layer on the expiring cover, with the insurance giant mulling the purchase of up to an additional $1bn limit at the top dependent on availability and price ...

Patrick Tiernan – Lloyd's

Tiernan: Lloyd’s expects flurry of new 2023 syndicate plans due to Q4 reinsurance crunch

2022-12-07T14:59:00+00:00

Lloyd’s anticipates a flurry of new 2023 syndicate business forecasts following the Q4 “dislocation” which has seen the availability of reinsurance contract sharply and rates spike ahead of 1 January.

Beazley

Beazley’s Smart Tracker approved to become full syndicate

2022-12-08T09:32:00+00:00

Beazley’s Smart Tracker Syndicate 5623 has been granted full syndicate status by Lloyd’s in a move which will see the platform transition from its current special purpose arrangement (SPA) model from 1 January 2023.

Perils Australia floods 2022

Perils pegs insured loss for October Australia floods at A$791mn

2022-12-08T08:00:00+00:00

Loss aggregator Perils has disclosed its first estimate for the October floods in southeast Australia, with its initial industry loss standing at A$791mn ($532.9mn).

Liberty Mutual Insurance

Liberty Mutual to pull first $500mn cat XoL layer as it looks to buy more at top

2022-12-07T16:26:00+00:00

Liberty Mutual has come to market with a structure for its US property catastrophe reinsurance tower that removes the first $500mn xs $500mn layer on the expiring cover, with the insurance giant mulling the purchase of up to an additional $1bn limit at the top dependent on availability and price ...

Patrick Tiernan – Lloyd's

Tiernan: Lloyd’s expects flurry of new 2023 syndicate plans due to Q4 reinsurance crunch

2022-12-07T14:59:00+00:00

Lloyd’s anticipates a flurry of new 2023 syndicate business forecasts following the Q4 “dislocation” which has seen the availability of reinsurance contract sharply and rates spike ahead of 1 January.

Beazley

Beazley’s Smart Tracker approved to become full syndicate

2022-12-08T09:32:00+00:00

Beazley’s Smart Tracker Syndicate 5623 has been granted full syndicate status by Lloyd’s in a move which will see the platform transition from its current special purpose arrangement (SPA) model from 1 January 2023.

Perils Australia floods 2022

Perils pegs insured loss for October Australia floods at A$791mn

2022-12-08T08:00:00+00:00

Loss aggregator Perils has disclosed its first estimate for the October floods in southeast Australia, with its initial industry loss standing at A$791mn ($532.9mn).


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North American Stocks Tracker

US insurance stocks post moderate weekly gains as Fed’s hawkish stance appears to recede

Share prices for 52 of the 89 (re)insurance companies tracked by investment banks Stonybrook and Weild & Co advanced last week amid mild gains for Wall Street.

Stocks-on-the-rise

P&C insurance stocks maintain upward trend in November

Improving investor sentiment continued to benefit European and US insurance shares in November as all major benchmarks recorded their first back-to-back monthly gains since August 2021.

Lloyd's

Lloyd’s 2023 stamp capacity up ~21% as majority of syndicates approved to grow

Lloyd’s will operate with a total market stamp capacity of at least £47.9bn ($59.4bn) in 2023, up 20.9 percent year on year, with 68 of 80 respondents to The Insurer’s annual capacity survey having gained business plan approval to grow at 1 January.

North American Stocks Tracker

US insurance stocks post moderate weekly gains as Fed’s hawkish stance appears to recede

Share prices for 52 of the 89 (re)insurance companies tracked by investment banks Stonybrook and Weild & Co advanced last week amid mild gains for Wall Street.

Stocks-on-the-rise

P&C insurance stocks maintain upward trend in November

Improving investor sentiment continued to benefit European and US insurance shares in November as all major benchmarks recorded their first back-to-back monthly gains since August 2021.

Lloyd's

Lloyd’s 2023 stamp capacity up ~21% as majority of syndicates approved to grow

Lloyd’s will operate with a total market stamp capacity of at least £47.9bn ($59.4bn) in 2023, up 20.9 percent year on year, with 68 of 80 respondents to The Insurer’s annual capacity survey having gained business plan approval to grow at 1 January.

John Neal – Lloyd's

Neal shows determination in returning to the fray of market modernisation

Lesser men than John Neal may have decided to call it quits when the Lloyd’s CEO found himself lying in a hospital bed in March 2022 recovering from six hours of surgery after a horrific cycling accident.

US program insurance sector

Time for a reality check…

This publication was launched a couple of years ago because we, as publishers, saw an opportunity to bring a valuable news service to a booming sector.

COP27

COP27 takes step forward on resilience drive but emissions progress stalls

COP27 was billed as the Implementation COP, the climate conference where we finally move from talk to action.

John Neal – Lloyd's

Neal shows determination in returning to the fray of market modernisation

Lesser men than John Neal may have decided to call it quits when the Lloyd’s CEO found himself lying in a hospital bed in March 2022 recovering from six hours of surgery after a horrific cycling accident.

US program insurance sector

Time for a reality check…

This publication was launched a couple of years ago because we, as publishers, saw an opportunity to bring a valuable news service to a booming sector.

COP27

COP27 takes step forward on resilience drive but emissions progress stalls

COP27 was billed as the Implementation COP, the climate conference where we finally move from talk to action.