CIAB-US-map

Q2 umbrella hikes catching up to commercial property and auto: CIAB

2019-08-23T09:14:00+01:00

The rate of average price increases across all lines of business for US commercial insurance accelerated from 3.4 percent in Q1 2019 to 4.6 percent in the second quarter, according to the latest survey from The Council of Insurance Agents & Brokers.

Cyber

74% of US brokers seeing cyber demand increase

2019-08-23T09:24:00+01:00

A market survey from The Council of Insurance Agents & Brokers has revealed 74 percent of respondents are seeing higher demand for cyber insurance, while 42 percent report claims are increasing.

AM Best – USA flag

H1 US P&C loss and LAE increases outpaced earned premium growth

2019-08-23T15:25:00+01:00

An AM Best analysis has revealed the US property casualty industry’s net underwriting income fell 9.6 percent in the first half, with improved investment income offsetting most of the decline.

CAC Specialty – San Fransico

CAC Specialty hires JLT’s Schaeffer for West Coast push

2019-08-23T13:49:00+01:00

Jennifer Schaeffer has left Marsh JLT Specialty to join new broker CAC Specialty as senior vice president anchoring West Coast business development efforts.

Allianz and SulAmerica – Rio de Janeiro

Allianz builds out Brazil footprint with $738mn SulAmérica deal

2019-08-23T12:51:00+01:00

Allianz has agreed to acquire auto and other property and casualty operations from Brazilian insurer SulAmérica in a Eur667mn ($738mn) deal.

Cyber

74% of US brokers seeing cyber demand increase

2019-08-23T09:24:00+01:00

A market survey from The Council of Insurance Agents & Brokers has revealed 74 percent of respondents are seeing higher demand for cyber insurance, while 42 percent report claims are increasing.

AM Best – USA flag

H1 US P&C loss and LAE increases outpaced earned premium growth

2019-08-23T15:25:00+01:00

An AM Best analysis has revealed the US property casualty industry’s net underwriting income fell 9.6 percent in the first half, with improved investment income offsetting most of the decline.

CAC Specialty – San Fransico

CAC Specialty hires JLT’s Schaeffer for West Coast push

2019-08-23T13:49:00+01:00

Jennifer Schaeffer has left Marsh JLT Specialty to join new broker CAC Specialty as senior vice president anchoring West Coast business development efforts.

Allianz and SulAmerica – Rio de Janeiro

Allianz builds out Brazil footprint with $738mn SulAmérica deal

2019-08-23T12:51:00+01:00

Allianz has agreed to acquire auto and other property and casualty operations from Brazilian insurer SulAmérica in a Eur667mn ($738mn) deal.



2 Trucks

Commercial auto rate hikes overtake loss costs

US insurers are indicating the road ahead for commercial auto is smoother than in recent years, despite no slow down in the loss cost trends that have made it such an unprofitable line.

Capital One – Cyber attack

Commentary: cyber alarm cries get louder

The recent Capital One breach is not close to a market changing event for cyber underwriters – but other warning signs are emerging that this growing line of business could be heading for a fall.

Lloyds-hurricane

Analysis: Jebi and Michael deterioration hits Lloyd’s big guns in latest syndicate forecasts

A number of heavyweight Lloyd’s (re)insurers have posted worsening 2018 results because of a deteriorating claims experience from Japan’s Typhoon Jebi and the US’ Hurricane Michael but in contrast the market’s 2017 result continues to improve, analysis of the latest syndicate forecast returns by The Insurer has shown.

2 Trucks

Commercial auto rate hikes overtake loss costs

US insurers are indicating the road ahead for commercial auto is smoother than in recent years, despite no slow down in the loss cost trends that have made it such an unprofitable line.

Capital One – Cyber attack

Commentary: cyber alarm cries get louder

The recent Capital One breach is not close to a market changing event for cyber underwriters – but other warning signs are emerging that this growing line of business could be heading for a fall.

Lloyds-hurricane

Analysis: Jebi and Michael deterioration hits Lloyd’s big guns in latest syndicate forecasts

A number of heavyweight Lloyd’s (re)insurers have posted worsening 2018 results because of a deteriorating claims experience from Japan’s Typhoon Jebi and the US’ Hurricane Michael but in contrast the market’s 2017 result continues to improve, analysis of the latest syndicate forecast returns by The Insurer has shown.



Tony Ursano – NYIF 2019

Ursano appointment signals more deals at Hamilton

Tony Ursano’s return to the market as Hamilton Insurance Group CFO after his recent TigerRisk exit may from the outside look a little left field. But the appointment of a deal maker suggests the Bermudian may not be done with M&A after its transformative Pembroke and Ironshore Europe transaction.

Bermuda, Hamilton

The Insurer comment: Bermuda bellwether for market again

For a small island some 800 miles off the Carolinas, Bermuda has punched above its weight to carve out a position as a key (re)insurance center over the last 35 years.

Swiss Re Corporate Solutions

Other People’s Payback…

A veteran underwriter provided The Insurer with a succinct definition of one of those rare phenomena: a hard market.

Tony Ursano – NYIF 2019

Ursano appointment signals more deals at Hamilton

Tony Ursano’s return to the market as Hamilton Insurance Group CFO after his recent TigerRisk exit may from the outside look a little left field. But the appointment of a deal maker suggests the Bermudian may not be done with M&A after its transformative Pembroke and Ironshore Europe transaction.

Bermuda, Hamilton

The Insurer comment: Bermuda bellwether for market again

For a small island some 800 miles off the Carolinas, Bermuda has punched above its weight to carve out a position as a key (re)insurance center over the last 35 years.

Swiss Re Corporate Solutions

Other People’s Payback…

A veteran underwriter provided The Insurer with a succinct definition of one of those rare phenomena: a hard market.