USI

Umbrella market tipped to intensify further in H2

2019-06-25T22:21:00+01:00

USI has predicted that US rate increases will gain further momentum for the rest of 2019, and noted the situation in the primary general liability and umbrella market in particular is intensifying.

Martin Reith – Neon

Neon to stay under AFG ownership as sales process pulled

2019-06-25T17:08:00+01:00

The process to find a new strategic investor for Neon has been pulled after a recent proposed transaction – thought to involve PE firm Madison Dearborn – was seen as not sufficiently valuing the Lloyd’s insurer.

Energy, gulf of mexico oil rig

Gallagher wins prestige Indonesian SKK Migas account from rival Marsh

2019-06-25T17:27:00+01:00

Gallagher’s London-based energy team has trumped rivals Marsh, Aon and Willis for the flagship South East Asian SKK Migas energy account, The Insurer can reveal.

Lloyd's – Science

Lloyd’s to unveil £53mn innovations facility as latest milestone in transformation strategy

2019-06-25T12:06:00+01:00

A dozen heavyweight Lloyd’s insurers are behind the imminent launch of a new facility that will incubate the future underwriting of cutting-edge risks in an initiative that will be flagged as part of Lloyd’s CEO John Neal’s transformation strategy.

Citizens – Florida

DE Shaw writes biggest share of Citizens’ 2019 placements

2019-06-25T18:26:00+01:00

Collateralised reinsurer DE Shaw Re wrote just over 21 percent of the limit secured by Florida’s Citizens on the layers of its traditional programme placed at 1 June 2019, including a $100mn line on its new personal lines account (PLA) cover.

Martin Reith – Neon

Neon to stay under AFG ownership as sales process pulled

2019-06-25T17:08:00+01:00

The process to find a new strategic investor for Neon has been pulled after a recent proposed transaction – thought to involve PE firm Madison Dearborn – was seen as not sufficiently valuing the Lloyd’s insurer.

Energy, gulf of mexico oil rig

Gallagher wins prestige Indonesian SKK Migas account from rival Marsh

2019-06-25T17:27:00+01:00

Gallagher’s London-based energy team has trumped rivals Marsh, Aon and Willis for the flagship South East Asian SKK Migas energy account, The Insurer can reveal.

Lloyd's – Science

Lloyd’s to unveil £53mn innovations facility as latest milestone in transformation strategy

2019-06-25T12:06:00+01:00

A dozen heavyweight Lloyd’s insurers are behind the imminent launch of a new facility that will incubate the future underwriting of cutting-edge risks in an initiative that will be flagged as part of Lloyd’s CEO John Neal’s transformation strategy.

Citizens – Florida

DE Shaw writes biggest share of Citizens’ 2019 placements

2019-06-25T18:26:00+01:00

Collateralised reinsurer DE Shaw Re wrote just over 21 percent of the limit secured by Florida’s Citizens on the layers of its traditional programme placed at 1 June 2019, including a $100mn line on its new personal lines account (PLA) cover.



Nephila Climate – Peru Earthquake

Analysis: Peru payout shows ILS worth but developing country demand still lagging

Last week’s confirmation of a $60mn payout on a World Bank cat bond covering Peru earthquake showed the value of ILS and other risk transfer for developing country governments, but a new report sponsored by Nephila shows steady demand for these types of products has yet to emerge.

European commission smartphone

Assessing product liability in the digital age

Is EU product liability directive 85/374/EEC still an adequate tool in a world of smartphones and driverless cars? Following a lengthy formal evaluation, the European Commission is set to unveil its findings imminently. The insurance industry has come out fighting.

John Hancock – Lloyd's

Lloyd’s: 22 syndicates to be approved for mid-term growth

Lloyd’s performance management directorate (PMD) is set to approve around 22 syndicate applications to increase capacity at mid-point 2019, The Insurer can reveal.

Nephila Climate – Peru Earthquake

Analysis: Peru payout shows ILS worth but developing country demand still lagging

Last week’s confirmation of a $60mn payout on a World Bank cat bond covering Peru earthquake showed the value of ILS and other risk transfer for developing country governments, but a new report sponsored by Nephila shows steady demand for these types of products has yet to emerge.

European commission smartphone

Assessing product liability in the digital age

Is EU product liability directive 85/374/EEC still an adequate tool in a world of smartphones and driverless cars? Following a lengthy formal evaluation, the European Commission is set to unveil its findings imminently. The insurance industry has come out fighting.

John Hancock – Lloyd's

Lloyd’s: 22 syndicates to be approved for mid-term growth

Lloyd’s performance management directorate (PMD) is set to approve around 22 syndicate applications to increase capacity at mid-point 2019, The Insurer can reveal.



lloydsbuidlinglandscape_6

Misrepresenting the market?

It could be argued that Lloyd’s CEO John Neal has achieved more in a matter of months than his predecessor Inga Beale did over the course of her five years in the role.

Aviation

New aviation entrants prepare for take-off…

News today of the launch of BGC’s new aviation broking intermediary is the latest in a series of developments for a sector which has had a busy – and at times turbulent – start to the year.

Dan Glaser and Vicky Carter – London

MMC helps London point to the positives after a year of bleak messaging…

This week sees the return of Marsh and McLennan’s (MMC) biennial gathering of talented, rising professionals who come to London from different continents for two days to hear from world class speakers on critical topics challenging the industry culminating in a show stopping gala dinner with stadium-filling superstars (such as ...

lloydsbuidlinglandscape_6

Misrepresenting the market?

It could be argued that Lloyd’s CEO John Neal has achieved more in a matter of months than his predecessor Inga Beale did over the course of her five years in the role.

Aviation

New aviation entrants prepare for take-off…

News today of the launch of BGC’s new aviation broking intermediary is the latest in a series of developments for a sector which has had a busy – and at times turbulent – start to the year.

Dan Glaser and Vicky Carter – London

MMC helps London point to the positives after a year of bleak messaging…

This week sees the return of Marsh and McLennan’s (MMC) biennial gathering of talented, rising professionals who come to London from different continents for two days to hear from world class speakers on critical topics challenging the industry culminating in a show stopping gala dinner with stadium-filling superstars (such as ...