Sanders: Markel will walk away from inadequately priced business

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Sanders: Markel will walk away from inadequately priced business

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Geico ranked as most valuable US insurance brand in latest Brand Finance ranking

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Renewals

1.4 renewals: Japanese mutuals’ FOTs see minimum 2% RoL enforced on quake

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Losses

Swiss Re: Insured losses top $100bn+ for second year running as inflation bites

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E&S

RT Specialty’s Tim Turner: E&S market change secular not cyclical

Speaking at the inaugural E&S Insurer Conference, RT Specialty chairman and CEO Tim Turner has hailed a “golden age” for excess and surplus lines, and suggested the rapid change in the $100bn+ sector is more structural and secular than cyclical.

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People Moves

McElroy named interim CEO of AIG NA General Insurance following Price departure

AIG’s CEO of General Insurance David McElroy will take on the additional role of interim CEO of North America GI following the departure of Michael Price, The Insurer can reveal.

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AIG’s CEO of NA General Insurance Price to exit

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Regulation

HM Treasury says post-Brexit regulatory reforms progressing as planned

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Lloyd's

Watson close to completing the Canopius puzzle

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Resilience

City financial leaders form Finance for Growth initiative to “kickstart” the UK sector

ANALYSIS

Legal dispute

Russia-Ukraine and pandemic BI push UK insurance litigation claims values up 64% in 2022

Our financial and professional services sector is the engine of our economy, but it needs a kickstart - with leading figures on board, Finance for Growth will help shape thinking and catalyse reform for years to come

Nicholas Lyons, Lord Mayor of the City of London

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People Moves

McElroy named interim CEO of AIG NA General Insurance following Price departure

Rates

Sanders: Markel will walk away from inadequately priced business

People Moves

AmTrust hires Chubb’s Tripp as MidAmerica regional head

News

Geico ranked as most valuable US insurance brand in latest Brand Finance ranking

E&S

RT Specialty’s Tim Turner: E&S market change secular not cyclical

Regulation

FCA slams benchmark administrators for failing to sufficiently explain ESG factors

Property catastrophe

AM Best: US P&C industry slips to $26.5bn net underwriting loss in 2022

Parametric

ASR reinsurers $350mn parametric cyclone cover for Mozambique state insurer

AdvantageGo: AI is not going to take the place of the underwriter
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Some commentators have suggested 2023 will be the year of the bionic underwriter – one who is able to leverage data, technology and human capital to underwrite as efficiently as possible.

GC’s Mowery: “Difficult” lessons from 1.1 will lead to more orderly 1.4

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Property catastrophe

GC’s Mowery: “Difficult” lessons from 1.1 will lead to more orderly 1.4

The upcoming 1 April renewals are expected to be more orderly as reinsurers draw from the most recent 1.1 experience to form a set of clearer structures and specific parameters in their approach, according to Guy Carpenter’s Lara Mowery.

Reinsurers still keen to invest in “good” insurtechs despite chill winds: HSCM’s Jones

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Technology

Reinsurers still keen to invest in “good” insurtechs despite chill winds: HSCM’s Jones

Despite the death spiral valuations and emergency cost-slashing measures which have become all too common in the insurtech sector of late, large reinsurers are still committed to the sector, according to HSCM Ventures partner Adrian Jones.

“D&O underwriters are not going to forget what happened with SVB”: RT ProExec’s LaCroix

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D&O

“D&O underwriters are not going to forget what happened with SVB”: RT ProExec’s LaCroix

As the aftershocks of Silicon Valley Bank’s collapse last week continue to be felt across the financial markets, D&O expert Kevin LaCroix predicts imminent changes in the marketplace in response to the uncertainty.

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Sanders: Markel will walk away from inadequately priced business

Geico ranked as most valuable US insurance brand in latest Brand Finance ranking

1.4 renewals: Japanese mutuals’ FOTs see minimum 2% RoL enforced on quake

Swiss Re: Insured losses top $100bn+ for second year running as inflation bites

Oxbow’s Versi: (Re)insurers must better articulate why they want ESG data

RT Specialty’s Tim Turner: E&S market change secular not cyclical

McElroy named interim CEO of AIG NA General Insurance following Price departure

Latest Articles

AIG’s CEO of NA General Insurance Price to exit

HM Treasury says post-Brexit regulatory reforms progressing as planned

Watson close to completing the Canopius puzzle

City financial leaders form Finance for Growth initiative to “kickstart” the UK sector

Russia-Ukraine and pandemic BI push UK insurance litigation claims values up 64% in 2022

More News

McElroy named interim CEO of AIG NA General Insurance following Price departure

Sanders: Markel will walk away from inadequately priced business

AmTrust hires Chubb’s Tripp as MidAmerica regional head

Geico ranked as most valuable US insurance brand in latest Brand Finance ranking

RT Specialty’s Tim Turner: E&S market change secular not cyclical

FCA slams benchmark administrators for failing to sufficiently explain ESG factors

AM Best: US P&C industry slips to $26.5bn net underwriting loss in 2022

ASR reinsurers $350mn parametric cyclone cover for Mozambique state insurer

Watson close to completing the Canopius puzzle

Legal sanity restored in Louisiana…

Lloyd’s cultural shift can help deliver the leaders of the future

The SVB tremors will still be felt despite emergency banking measures

Perhaps it is time Lloyd’s minted a new gold medal…

Legacy hive of activity set to continue with more large deals expected in 2023

Stone Point Capital finds HNW allure impossible to resist

Lloyd’s deputy chair vacancy: The obvious candidate has just emerged…

Sir Laurie: Lime Street’s Cupid thrust into the bear pit of British politics

Sudden Scor reshuffle sees share price fall and strategy in scope

Marsh McLennan Ready for scrutiny on new Doyle strategy…

The cat conundrum: need vs want

Casualty carriers taking action on PFAS but agree it is still insurable

Russia-Ukraine and pandemic BI push UK insurance litigation claims values up 64% in 2022

Ardonagh Specialty talent exits now 50+ since $500mn Corant deal

Insurance shares rally following febrile start to the week

US insurance stocks endure another week of pummelling losses as financial markets grapple with bank failures

Hiscox plans return to London Market growth in 2023

North American insurance composite records worst weekly decline amid SVB-triggered risk-off shift

Swiss Re leads YTD gains among European big four following strong 1.1 and Q4 earnings beat

Bermuda Risk Summit recap: Tensions remain heading towards mid-year renewals

Japan XoL retentions to climb in face of 25-30% rate increases

Coastal and personal lines insurers push North American insurance composite back to the black amid Wall Street rally

Mixed performance for US P&C insurance stocks amid Wall Street February sell-off

RPS’s Nadler: Property accounts moving at unprecedented rate amid tight conditions

Consilium targets $1bn in managed premium by 2026

MS Amlin at “inflection point” as eyes profitable growth post £1.2bn Lloyd’s legacy deal: Carrier

Verisk’s Simic: Single-digit billion-dollar Turkey losses reflect low regional take-up

Aon’s Miller: Re-acceleration of tough property market conditions “definitely occurring”

Resilience’s Hussain: Cyber market to maintain UW discipline amid new competition

Lucas: Florida reforms “signal to grow” Slide but more carrier insolvencies to come

Gallagher Re’s Johnston: Mid-stage insurtech funding likely to remain “stressed” in ’23

Distinguished eyes further carrier-sponsored niche UW team lifts

Airline insurers positioned for rate rises after oversubscribed Q4: WTW

Hippo eyes M&A opportunities as Spinnaker readies for diversification drive

reThought uses Flood Resilience Score to drive pricing as post-Ian market shifts

Parametric insurance: the risks of all or nothing

Booming MGA market is at a technology cross-roads

Shell under fire: Climate change litigation showcases extraordinary impact of ESG

A rocky road ahead for UK insurers?

Regional dynamics temper renewal impact for APAC

RISX equity index surge over past quarter benefits proven leaders

Mondelez v Zurich – lessons from the $100mn cyber trial

Three ways the (re)insurance industry can accelerate net zero by facilitating capital

A new wave of P&C insurers

Communication, collaboration and cultural intelligence: key to shifting perception of our industry

RPC’s Mansfield: It's a Wonderful Life, Insurance

Property market dislocation needs leadership in 2023

FCA slams benchmark administrators for failing to sufficiently explain ESG factors

ASR reinsurers $350mn parametric cyclone cover for Mozambique state insurer

Chubb reveals UW standards for methane emissions and protected conservation areas

Axa XL: Global water demand to outstrip supply by 2030 as water-related risks compound

Swiss Re: Tech and data has “greatly enhanced” insurers’ ability to meet climate challenge

Canopius closes GuarantCo syndication deal to mobilise private sector financing

AdvantageGo: AI is not going to take the place of the underwriter
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