ERS – Lloyd's

ERS Syndicate 218 capacity holds firm at £480mn; Lloyd’s 2020 capital load threat

2019-10-21T11:29:00+01:00

Capacity for motor-focused Lloyd’s insurer ERS Syndicate 218 will remain at the same level of £480mn for 2020 following formal approval from Lloyd’s, The Insurer can reveal.

Paragon insurance Holdings, Falls Lake Insurance Companies and Swiss Re

Paragon premiums head beyond $200mn with auto dealer program

2019-10-21T08:24:00+01:00

PIC and Oak Hill Capital Partners-backed MGA Paragon Insurance Holdings has added a meaningful book of package auto dealership program business that it is writing through fronting carrier Falls Lake with reinsurance capacity from Swiss Re, The Insurer can reveal.

Aon – Cyber

Aon silent cyber reinsurance offering gains traction

2019-10-21T08:24:00+01:00

Aon has seen meaningful traction in its RenaissanceRe-led cross class cat cover for silent cyber with limit placed of more than $400mn and a strong pipeline of orders, The Insurer can reveal.

Typhoon Hagibis

Hagibis adds to retro uncertainty at 1.1

2019-10-21T08:18:00+01:00

As the industry assesses the damage from a second Japanese typhoon in a matter of weeks, there is a growing expectation that a significantly tighter retro market will add momentum to property cat reinsurance renewals at 1 January.

David Dale and Rob Neil and

Syndicate 2525 lead underwriter David Dale takes immediate six-month sabbatical

2019-10-21T16:31:00+01:00

The long-standing lead underwriter of Lloyd’s liability specialist Syndicate 2525 has stepped down immediately for six months for “personal reasons”, The Insurer can reveal.

Paragon insurance Holdings, Falls Lake Insurance Companies and Swiss Re

Paragon premiums head beyond $200mn with auto dealer program

2019-10-21T08:24:00+01:00

PIC and Oak Hill Capital Partners-backed MGA Paragon Insurance Holdings has added a meaningful book of package auto dealership program business that it is writing through fronting carrier Falls Lake with reinsurance capacity from Swiss Re, The Insurer can reveal.

Aon – Cyber

Aon silent cyber reinsurance offering gains traction

2019-10-21T08:24:00+01:00

Aon has seen meaningful traction in its RenaissanceRe-led cross class cat cover for silent cyber with limit placed of more than $400mn and a strong pipeline of orders, The Insurer can reveal.

Typhoon Hagibis

Hagibis adds to retro uncertainty at 1.1

2019-10-21T08:18:00+01:00

As the industry assesses the damage from a second Japanese typhoon in a matter of weeks, there is a growing expectation that a significantly tighter retro market will add momentum to property cat reinsurance renewals at 1 January.

David Dale and Rob Neil and

Syndicate 2525 lead underwriter David Dale takes immediate six-month sabbatical

2019-10-21T16:31:00+01:00

The long-standing lead underwriter of Lloyd’s liability specialist Syndicate 2525 has stepped down immediately for six months for “personal reasons”, The Insurer can reveal.



WR Berkley

Analysis: the curious incident of the WR Berkley loss pick

In many ways, we’ve been here before. Valuation multiples generally extended, P&C companies seeking notable price increases, a significant decline in 10-year US Treasury yields, and material underperformance in financials more broadly… yes, you’ve guessed it: the 2019 property casualty landscape bears a striking resemblance to that of 2011.

Breakdown of alternative capital by source

Tight retro market to impact 1.1 reinsurance renewals

As the 1.1 renewals draw nearer, the significantly tighter retro market is likely to have a greater impact on reinsurer’s behavior than a hardening primary insurance market will, as buyers are forced to switch from aggregate and other alternatives to more expensive traditional occurrence and ultimate net loss (UNL) coverages.

Volume of deals completed

Where next for (re)insurance M&A?

In the first half of 2019, M&A in the global (re)insurance industry hit its highest level for four years. Activity was up in most regions, driven by a surge of deals in Europe that had previously been put on hold due to Brexit preparations, strong economic fundamentals in the US ...

WR Berkley

Analysis: the curious incident of the WR Berkley loss pick

In many ways, we’ve been here before. Valuation multiples generally extended, P&C companies seeking notable price increases, a significant decline in 10-year US Treasury yields, and material underperformance in financials more broadly… yes, you’ve guessed it: the 2019 property casualty landscape bears a striking resemblance to that of 2011.

Breakdown of alternative capital by source

Tight retro market to impact 1.1 reinsurance renewals

As the 1.1 renewals draw nearer, the significantly tighter retro market is likely to have a greater impact on reinsurer’s behavior than a hardening primary insurance market will, as buyers are forced to switch from aggregate and other alternatives to more expensive traditional occurrence and ultimate net loss (UNL) coverages.

Volume of deals completed

Where next for (re)insurance M&A?

In the first half of 2019, M&A in the global (re)insurance industry hit its highest level for four years. Activity was up in most regions, driven by a surge of deals in Europe that had previously been put on hold due to Brexit preparations, strong economic fundamentals in the US ...



Boston, USA

Time to get religion

Aside from a strong public stand by select reinsurers in Florida at mid-year renewals, most of the talk in 2019 has been about traction in the primary insurance market.

Stampede

IGI should be applauded as it runs towards the stampede

In his autobiography “My life and hard times”, the creator of Walter Mitty, James Thurber, writes of a fine day in Spring 1913 when his town of Columbus, Ohio was temporarily gripped with insanity.

Businessman falling

The Fall Guy

If soon-to-depart European Central Bank president Mario Draghi thought he would receive a warm congratulatory speech and a gold clock as he prepares to step down from his post, he was gravely mistaken. Instead, in the form of an interview this week with The Financial Times, Draghi has been roundly ...

Boston, USA

Time to get religion

Aside from a strong public stand by select reinsurers in Florida at mid-year renewals, most of the talk in 2019 has been about traction in the primary insurance market.

Stampede

IGI should be applauded as it runs towards the stampede

In his autobiography “My life and hard times”, the creator of Walter Mitty, James Thurber, writes of a fine day in Spring 1913 when his town of Columbus, Ohio was temporarily gripped with insanity.

Businessman falling

The Fall Guy

If soon-to-depart European Central Bank president Mario Draghi thought he would receive a warm congratulatory speech and a gold clock as he prepares to step down from his post, he was gravely mistaken. Instead, in the form of an interview this week with The Financial Times, Draghi has been roundly ...