John Doyle  Marsh

Marsh’s Doyle warns of pricing “domino effect” from Tripra non-renewal

2019-10-16T21:36:00+01:00

At a US House Financial Services hearing, Marsh president and CEO John Doyle has urged reauthorisation of the federal terrorism risk insurance programme and warned that insurance availability will fall as the deadline looms.

RLI office

RLI beats as reserve releases help underwriting profits rise

2019-10-16T20:48:00+01:00

Early third quarter reporter RLI Corp unveiled operating earnings of $25.9mn that were up 25 percent on the $20.8mn generated in the same period last year.

Maiden Holdings

Maiden files to re-domesticate to Vermont from Bermuda

2019-10-16T22:16:00+01:00

Maiden Holdings’ principal operating subsidiary has filed to re-domesticate to Vermont, with the holding company also applying to update its Nasdaq listing status.

Prime Risk Partners

EPIC confirms Prime Risk Partners deal

2019-10-17T02:34:00+01:00

Prime Risk Partners (PRP) will become part of Oak Hill Partners-backed EPIC holdings in a transaction first mooted by The Insurer earlier this month.

Applied Underwriters

Applied Underwriters CEO seals Berkshire buyout in $920mn deal

2019-10-16T13:09:00+01:00

Applied Underwriters founding CEO Steve Menzies has completed a transaction to buy the workers compensation specialist’s core insurance subsidiaries from Berkshire Hathaway in a move first revealed by The Insurer.

RLI office

RLI beats as reserve releases help underwriting profits rise

2019-10-16T20:48:00+01:00

Early third quarter reporter RLI Corp unveiled operating earnings of $25.9mn that were up 25 percent on the $20.8mn generated in the same period last year.

Maiden Holdings

Maiden files to re-domesticate to Vermont from Bermuda

2019-10-16T22:16:00+01:00

Maiden Holdings’ principal operating subsidiary has filed to re-domesticate to Vermont, with the holding company also applying to update its Nasdaq listing status.

Prime Risk Partners

EPIC confirms Prime Risk Partners deal

2019-10-17T02:34:00+01:00

Prime Risk Partners (PRP) will become part of Oak Hill Partners-backed EPIC holdings in a transaction first mooted by The Insurer earlier this month.

Applied Underwriters

Applied Underwriters CEO seals Berkshire buyout in $920mn deal

2019-10-16T13:09:00+01:00

Applied Underwriters founding CEO Steve Menzies has completed a transaction to buy the workers compensation specialist’s core insurance subsidiaries from Berkshire Hathaway in a move first revealed by The Insurer.



Habitational apartments

US habitational casualty rates surge after carrier exits

Rates for habitational coverage for insureds with worse-than-average loss records are at least 30 percent to 50 percent higher for general liability and sometimes doubling on excess layers, according to wholesale broker CRC.

Boardroom

D&O towers seeing rate inversions between layers

An analysis by CRC Group has confirmed more markets are required than before to complete D&O towers and that in some cases underwriters are charging more for higher layers than lower ones.

Munich, skyline

European reinsurer reserves remain strong despite deterioration: KBW

In recent years, spurred on, no doubt, by a heady cocktail of heavy catastrophe losses, loss creep from these losses, and ever greater worry about long-tail casualty risk finally starting to bite, the doom-mongers in the market have raised concerns about the reserve adequacy of some of the major carriers. ...

Habitational apartments

US habitational casualty rates surge after carrier exits

Rates for habitational coverage for insureds with worse-than-average loss records are at least 30 percent to 50 percent higher for general liability and sometimes doubling on excess layers, according to wholesale broker CRC.

Boardroom

D&O towers seeing rate inversions between layers

An analysis by CRC Group has confirmed more markets are required than before to complete D&O towers and that in some cases underwriters are charging more for higher layers than lower ones.

Munich, skyline

European reinsurer reserves remain strong despite deterioration: KBW

In recent years, spurred on, no doubt, by a heady cocktail of heavy catastrophe losses, loss creep from these losses, and ever greater worry about long-tail casualty risk finally starting to bite, the doom-mongers in the market have raised concerns about the reserve adequacy of some of the major carriers. ...



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 ...

John Neal – The Future at Lloyd's

A long journey…

Yesterday John Neal unveiled his widely anticipated blueprint for his transformation programme, The Future at Lloyd’s.

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 ...

John Neal – The Future at Lloyd's

A long journey…

Yesterday John Neal unveiled his widely anticipated blueprint for his transformation programme, The Future at Lloyd’s.