Florida

Florida stand-off continues as renewal deadline nears

2019-05-24T22:16:00+01:00

The outcome of a complex and fraught Florida renewal remains uncertain going into its final week as brokers test the resolve of the market and several of the biggest reinsurers hold back authorizations.

Mark Watson Argo

Argo directors approved at AGM, executive comp narrowly passed

2019-05-24T20:19:00+01:00

Argo’s shareholders have voted to elect all five of its Class III directors to the Bermudian (re)insurer’s board, based on a preliminary count provided by its proxy solicitor, and narrowly approved its executive compensation.

Aviation

Chad to leave JLT Aerospace ahead of Gallagher takeover

2019-05-24T09:21:00+01:00

Senior aviation executive Marcel Chad is understood to have signalled his intention to exit JLT ahead of the planned £190mn transfer of JLT Aerospace to rival broking house Gallagher, The Insurer can reveal.

Hyperion and MMC justice scales

JLT launches legal proceedings against Hyperion as defections intensify

2019-05-24T15:13:00+01:00

MMC-owned JLT has begun legal proceedings in the UK against the London-headquartered intermediary Hyperion following a flurry of high-profile resignations, The Insurer can reveal.

US government. Washington

House fails to act after Senate passes NFIP extension

2019-05-24T16:25:00+01:00

US Congress looks to have failed to pass reauthorisation of the National Flood Insurance Program (NFIP) in time to stop it lapsing on 31 May, after the House of Representatives did not approve a disaster relief measure passed by the Senate.

Mark Watson Argo

Argo directors approved at AGM, executive comp narrowly passed

2019-05-24T20:19:00+01:00

Argo’s shareholders have voted to elect all five of its Class III directors to the Bermudian (re)insurer’s board, based on a preliminary count provided by its proxy solicitor, and narrowly approved its executive compensation.

Aviation

Chad to leave JLT Aerospace ahead of Gallagher takeover

2019-05-24T09:21:00+01:00

Senior aviation executive Marcel Chad is understood to have signalled his intention to exit JLT ahead of the planned £190mn transfer of JLT Aerospace to rival broking house Gallagher, The Insurer can reveal.

Hyperion and MMC justice scales

JLT launches legal proceedings against Hyperion as defections intensify

2019-05-24T15:13:00+01:00

MMC-owned JLT has begun legal proceedings in the UK against the London-headquartered intermediary Hyperion following a flurry of high-profile resignations, The Insurer can reveal.

US government. Washington

House fails to act after Senate passes NFIP extension

2019-05-24T16:25:00+01:00

US Congress looks to have failed to pass reauthorisation of the National Flood Insurance Program (NFIP) in time to stop it lapsing on 31 May, after the House of Representatives did not approve a disaster relief measure passed by the Senate.



Oil Rig

Upstream shuffle?

“Nothing stands still for long in the Energy insurance markets,” notes Willis Towers Watson (WTW) in its Energy Market Review 2019.

Pensions

A brief history of Canadian pension funds’ love of insurance

Canadian pension funds in recent years have made large direct investments in insurance players like Ascot, Allied World, AmWINS and USI. The signs are that investment activity may increase this year.

Aerospace – London

London’s aviators continue to play musical chairs as rates and losses climb

The London aviation market is in a state of flux – witnessing a string of people moves spurred on by M&A and new broking and underwriting entrants against a backdrop of large losses, regulatory scrutiny, capacity withdrawals and hardening rates.

Oil Rig

Upstream shuffle?

“Nothing stands still for long in the Energy insurance markets,” notes Willis Towers Watson (WTW) in its Energy Market Review 2019.

Pensions

A brief history of Canadian pension funds’ love of insurance

Canadian pension funds in recent years have made large direct investments in insurance players like Ascot, Allied World, AmWINS and USI. The signs are that investment activity may increase this year.

Aerospace – London

London’s aviators continue to play musical chairs as rates and losses climb

The London aviation market is in a state of flux – witnessing a string of people moves spurred on by M&A and new broking and underwriting entrants against a backdrop of large losses, regulatory scrutiny, capacity withdrawals and hardening rates.



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.