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  • Coronavirus
    Comment

    Insurers score another Covid-19 BI point but the game’s just begun

    2020-08-10T19:54:00Z

    The third ruling in favour of US insurers in Covid-19 business interruption (BI) litigation – with no unfavourable judgments so far – bodes well and could prove influential but there is a long way to go before the industry can claim victory.

  • 2 + 2 = 5?
    Comment

    Can 2+2 = 5 (TPRe and Sirius)?

    2020-08-07T13:42:00Z

    Cynics may be tempted to cruelly dismiss the proposed $788mn merger* of Third Point Re and Sirius – announced yesterday evening – as two drunks propping each other up at the bar.

  • Confirmed post-Covid-19 capital
    Comment

    Covéa’s Eur750mn move highlights scale-ups and sidecars preferred to start-ups…

    2020-08-04T07:31:00Z

    Covéa’s move to put Eur750mn into PartnerRe-managed special purpose vehicles looks like a compromise that gains the French mutual fast access to a hardening reinsurance market without a full-blown acquisition. But it also points to a growing consensus that scale-ups rather than start-ups will dominate the Covid-19 landscape.

  • Insurtech
    Comment

    Is the end nigh for the term ‘insurtech’?

    2020-07-30T02:37:00Z

    Willis Towers Watson’s latest quarterly insurtech briefing included a provocative suggestion: is it time to stop labelling companies as insurtechs?

  • Hurricane Hanna
    Comment

    Hurricane season keeps ahead of schedule as peak period approaches

    2020-07-27T12:16:00Z

    The first US landfalling hurricane of the year serves as a warning that the peak period of the Atlantic hurricane season is approaching. 

  • II-buoy
    Comment

    Rising tide buoys brokers too

    2020-07-20T22:06:00Z

    While there are many challenges to be navigated for the P C sector in the Covid-19 fallout, surging pricing is proving to be a fillip that is lifting brokers as well as carriers.

  • Ambac and Everspan
    Comment

    A heftier addition…

    2020-07-17T11:42:00Z

    News broken by The Insurer that rehabilitated Ambac is lining up a live insurance platform that looks set to include a program fronting capability raises the prospect of a fresh addition to the already swollen ranks of vehicles that have rolled off the production line over the last ...

  • Goldilocks bowls
    Comment

    Chubb adds heavyweight voice to US pandemic backstop debate

    2020-07-10T18:21:00Z

    Chubb’s release of its proposal for protecting against future pandemics could serve to restore momentum to an issue that appeared to have stalled, providing a middle ground between the two proposals already out there.

  • program manager masthead
    Comment

    Access to paper and alignment of interests

    2020-07-09T19:56:00Z

    Cementing access to paper and demonstrating alignment of interests with (re)insurers has become increasingly important for MGAs and program administrators.

  • California wildfires
    Comment

    Another hard (market) decision

    2020-07-08T23:28:00Z

    The move to pull the proposed $2bn renewal of the California Wildfire Fund’s 2020 reinsurance programme is the latest example of a response from buyers to hardening momentum as capacity from reinsurers becomes meaningfully more expensive.

  • Greg Case – Aon
    Comment

    Hope is not a strategy … so Case and Aon took a different path

    2020-07-08T14:00:00Z

    A week ago today, Aon announced it was ending its controversial salary reduction scheme (and repaying the deferred sums, plus an additional five percent). Shortly afterwards, we asked CEO Greg Case whether he regretted the decision. 

  • Florida
    Comment

    Florida opportunity draws interest

    2020-07-06T12:13:00Z

    The well-documented woes of the Florida homeowners market might not paint a picture of a burgeoning opportunity for new entrants, but a number of recent developments point to fresh interest in the Sunshine State.

  • Lemonade
    Comment

    Investors’ thirst for Lemonade a good sign for other insurtechs

    2020-07-02T23:27:00Z

    Lemonade’s soaring share price in its first day of trading will help assuage fears over how insurtechs are viewed in a post-Covid world.

  • New York boarded up shop front
    Comment

    Striking out…

    2020-07-02T13:51:00Z

    Insurers risk further damage to the industry’s reputation if they impose blanket SRCC exclusions on standard property policies.

  • Reinsurance renewals
    Comment

    Calm between the storms

    2020-06-30T12:49:00Z

    The 1 July renewal may have been conducted on a relative sea of tranquility compared to the swell that engulfed the Florida renewal a month earlier. But the water between here and 1 January is anything but clear.

  • FCA – UK and Sweden
    Comment

    Why is Hiscox so keen on Sweden?

    2020-06-24T06:22:00Z

    What connects Sweden with Hurricane Katrina, and an upmarket hotel chain? The answer is likely to materialise later today when UK regulator the FCA publishes the defence submissions of Hiscox and seven other insurers who are involved in a landmark test case examining their denial of liability over Covid-19 business ...

  • Juneteenth
    Comment

    Juneteenth becomes a day for reflection

    2020-06-19T12:14:00Z

    The death of George Floyd during an arrest in Minneapolis has shone a light on the inequalities that continues to pervade in the US.

  • Marine tanker ship
    Comment

    The corvette and the tanker…

    2020-06-19T07:26:00Z

    While it is true that all boats rise with the tide, the marginal impact is naturally less if you’re an oil tanker compared to a nimble corvette.

  • Lloyd's
    Comment

    The Future at Lloyd’s… post-Covid-19

    2020-06-18T11:49:00Z

    Yesterday, John Neal wrote to the market unveiling a host of changes that will allow underwriters and brokers alike to return to One Lime Street from 1 September.

  • Hurricane
    Comment

    Remember the brutal storm season of 2010?

    2020-06-15T07:22:00Z

    No? Nor us.