Aerospace – Gallagher and JLT

EC approves £190mn JLT Aerospace deal with Gallagher

2019-05-20T16:35:00+01:00

The European Commission has formally approved Gallagher’s £190mn acquisition of JLT’s aerospace division, The Insurer can reveal.

Sompo

Sompo International 2018 profits slump; returns to u/w profit

2019-05-20T08:59:00+01:00

Sompo International reported a 2018 adjusted profit of $177mn in the 12 months to 31 March, with the carrier shedding two thirds off the profit of $511mn it posted in the 2017 financial year.

MGM Resorts International – Mandalay Bay

MGM’s insurers on hook for $751mn of possible Las Vegas shooting settlement

2019-05-20T18:54:00+01:00

MGM Resorts International has revealed it could settle for up to $800mn with the plaintiffs in multiple lawsuits over the 2017 Las Vegas shooting, with its general liability insurers including AIG and Chubb exposed to $751mn of any settlement.

Insurtech

Greenlight Re makes sixth insurtech investment

2019-05-20T20:27:00+01:00

Greenlight Re Innovations has invested in insurance online dispute resolution start-up FairClaims – bringing the total number of insurtech businesses it has invested in to six.

Safe auto

Safe Auto files for $50mn IPO

2019-05-20T20:23:00+01:00

US personal auto insurer Safe Auto has filed for an initial public offering, with its S-1 registration statement listing a $50mn proposed maximum aggregate offering price.

Sompo

Sompo International 2018 profits slump; returns to u/w profit

2019-05-20T08:59:00+01:00

Sompo International reported a 2018 adjusted profit of $177mn in the 12 months to 31 March, with the carrier shedding two thirds off the profit of $511mn it posted in the 2017 financial year.

MGM Resorts International – Mandalay Bay

MGM’s insurers on hook for $751mn of possible Las Vegas shooting settlement

2019-05-20T18:54:00+01:00

MGM Resorts International has revealed it could settle for up to $800mn with the plaintiffs in multiple lawsuits over the 2017 Las Vegas shooting, with its general liability insurers including AIG and Chubb exposed to $751mn of any settlement.

Insurtech

Greenlight Re makes sixth insurtech investment

2019-05-20T20:27:00+01:00

Greenlight Re Innovations has invested in insurance online dispute resolution start-up FairClaims – bringing the total number of insurtech businesses it has invested in to six.

Safe auto

Safe Auto files for $50mn IPO

2019-05-20T20:23:00+01:00

US personal auto insurer Safe Auto has filed for an initial public offering, with its S-1 registration statement listing a $50mn proposed maximum aggregate offering price.



Notable variations in Q9 2017 Lloyd's syndicate result forecasts i

Lloyd’s syndicates’ 2017 forecasts finally stabilises after Irma creep

Lloyd’s troubled 2017 year of account is finally stabilising after a series of quarters where syndicates scrambled to update their estimates in response to loss creep from the year’s cat events.

California wildfires

The great D&F revival?

With the three market gorillas – AIG, FM Global and Lloyd’s – all scaling back significantly, 2019 looks to provide propitious rating conditions for those staying in the D&F space.

Return of the Jebi i

How BI drove Jebi’s surprising loss creep

(Re)insurers’ first quarter results included another round of reserve increases for Typhoon Jebi. An analysis of their earnings calls reveals insight into Jebi’s unusually large loss creep.

Notable variations in Q9 2017 Lloyd's syndicate result forecasts i

Lloyd’s syndicates’ 2017 forecasts finally stabilises after Irma creep

Lloyd’s troubled 2017 year of account is finally stabilising after a series of quarters where syndicates scrambled to update their estimates in response to loss creep from the year’s cat events.

California wildfires

The great D&F revival?

With the three market gorillas – AIG, FM Global and Lloyd’s – all scaling back significantly, 2019 looks to provide propitious rating conditions for those staying in the D&F space.

Return of the Jebi i

How BI drove Jebi’s surprising loss creep

(Re)insurers’ first quarter results included another round of reserve increases for Typhoon Jebi. An analysis of their earnings calls reveals insight into Jebi’s unusually large loss creep.



Tom Johansmeyer – ILW

What happens when an ILW trigger underdelivers? A critical look at 2018…

Last year the industry was reminded of the importance of using accurate loss data triggers for ILWs. Will the lesson be learnt, asks Thomas Johansmeyer, co-head of PCS.

E David Burt – Bermuda

Finally some good news for Bermuda…

It’s not been a great year thus far for Bermuda’s (re)insurance industry and, by extension, the island’s economy.

Key price predictions for remainder of 2019 i

A psychological shift

As with broad market transitions of the past, there doesn’t appear to be any one catalyst driving what looks to be a long-awaited change in the US commercial insurance market.

Tom Johansmeyer – ILW

What happens when an ILW trigger underdelivers? A critical look at 2018…

Last year the industry was reminded of the importance of using accurate loss data triggers for ILWs. Will the lesson be learnt, asks Thomas Johansmeyer, co-head of PCS.

E David Burt – Bermuda

Finally some good news for Bermuda…

It’s not been a great year thus far for Bermuda’s (re)insurance industry and, by extension, the island’s economy.

Key price predictions for remainder of 2019 i

A psychological shift

As with broad market transitions of the past, there doesn’t appear to be any one catalyst driving what looks to be a long-awaited change in the US commercial insurance market.