Ascot Lloyds

Ascot Syndicate 1414 to grow stamp 31.6% to £1.25bn in 2023

2022-11-25T08:25:00+00:00

Ascot has received the green light from Lloyd’s for a 31.6 percent pre-emption for Syndicate 1414 in a move that will see its stamp grow to £1.25bn ($1.52bn), The Insurer can reveal.

Everest

Everest Syndicate 2786’s stamp to surge 60% to £320mn in 2023

2022-11-25T08:26:00+00:00

Bermudian carrier Everest Re is to significantly expand the size of its Lloyd’s platform with a pre-emption of 60 percent in 2023, The Insurer can reveal.

CFC Lloyd

CFC to grow Syndicate 1988 stamp by 80% to £275mn in 2023

2022-11-25T08:25:00+00:00

CFC Underwriting is planning an 80.3 percent pre-emption for Syndicate 1988, in a move that will see its stamp grow to £275mn ($333.7mn) in its second full year of trading, The Insurer can reveal.

BMA

BMA: Captive interest growing for climate and cyber risks

2022-11-25T15:59:00+00:00

Bermuda’s captive industry has seen an uptick in demand for solutions for cyber and environmental risks with new formations increasing from companies outside financial services, including the energy and power and shipping and transport sectors, according to the Bermuda Monetary Authority (BMA).

NAIC copy 2

NAIC expresses “deep concerns” with US Treasury’s climate data proposal

2022-11-25T15:46:00+00:00

The National Association of Insurance Commissioners (NAIC) has hit back at the US Treasury’s proposal to collect climate-related data from property casualty carriers, stating in a letter that it is “disappointed and concerned” that insurance regulators were not engaged.

Everest

Everest Syndicate 2786’s stamp to surge 60% to £320mn in 2023

2022-11-25T08:26:00+00:00

Bermudian carrier Everest Re is to significantly expand the size of its Lloyd’s platform with a pre-emption of 60 percent in 2023, The Insurer can reveal.

CFC Lloyd

CFC to grow Syndicate 1988 stamp by 80% to £275mn in 2023

2022-11-25T08:25:00+00:00

CFC Underwriting is planning an 80.3 percent pre-emption for Syndicate 1988, in a move that will see its stamp grow to £275mn ($333.7mn) in its second full year of trading, The Insurer can reveal.

BMA

BMA: Captive interest growing for climate and cyber risks

2022-11-25T15:59:00+00:00

Bermuda’s captive industry has seen an uptick in demand for solutions for cyber and environmental risks with new formations increasing from companies outside financial services, including the energy and power and shipping and transport sectors, according to the Bermuda Monetary Authority (BMA).

NAIC copy 2

NAIC expresses “deep concerns” with US Treasury’s climate data proposal

2022-11-25T15:46:00+00:00

The National Association of Insurance Commissioners (NAIC) has hit back at the US Treasury’s proposal to collect climate-related data from property casualty carriers, stating in a letter that it is “disappointed and concerned” that insurance regulators were not engaged.


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Viewpoint

  • Andy Marcell Aon

    Aon’s Andy Marcell: Renewals test will showcase industry’s best

    2022-11-23T13:32:00+00:00

    As anyone who is familiar with our industry will attest, insurers and reinsurers provide a vital foundation for economic trade and stability – a privileged position we have held for more than 400 years. In modern times, most innovation would simply not have occurred were it not for the ability ...

  • Markus Gesmann and Quentin Moore – Lloyd's

    To lead, or to follow: that is the question!

    2022-11-01T08:24:00+00:00

    Successful follow-only strategies can create more value than those of traditional leadership roles.

  • ESG

    How finance leaders can lead on ESG

    2022-10-26T15:23:00+01:00

    As ESG matters are reshaping the future of insurance, senior financial leaders are being asked to help set the direction for the business. Chief financial officers will play a vital role because ESG is not just a compliance exercise, but rather an imperative to mitigate severe risks, create long-term value ...

More Viewpoint

US commercial Insurance

US commercial pricing shows overall moderation with greater divergence between lines

Feedback on Q3 US commercial pricing from insurance leaders and other observers reveals continued moderation of increases overall albeit with individual lines moving at different directions and speeds, with Hurricane Ian expected to lead to property hardening.

R&Q

R&Q share price drifts to new low adding to potential 2023 capital squeeze

R&Q’s share price fell to an all-time low yesterday before closing at 68 pence and is now 28 percent down since the firm won a bruising victory over shareholder activists trying to overthrow executive chairman William Spiegel. 

US P&C stocks tracker

Reinsurer shares outperform as US equities waver

The P&C insurance industry composite of US-listed stocks compiled by investment banks Stonybrook and Weild & Co closed last week with a modest decline of 0.6 percent amid losses in all major US benchmarks.

US commercial Insurance

US commercial pricing shows overall moderation with greater divergence between lines

Feedback on Q3 US commercial pricing from insurance leaders and other observers reveals continued moderation of increases overall albeit with individual lines moving at different directions and speeds, with Hurricane Ian expected to lead to property hardening.

R&Q

R&Q share price drifts to new low adding to potential 2023 capital squeeze

R&Q’s share price fell to an all-time low yesterday before closing at 68 pence and is now 28 percent down since the firm won a bruising victory over shareholder activists trying to overthrow executive chairman William Spiegel. 

US P&C stocks tracker

Reinsurer shares outperform as US equities waver

The P&C insurance industry composite of US-listed stocks compiled by investment banks Stonybrook and Weild & Co closed last week with a modest decline of 0.6 percent amid losses in all major US benchmarks.

COP27

COP27 takes step forward on resilience drive but emissions progress stalls

COP27 was billed as the Implementation COP, the climate conference where we finally move from talk to action.

Property Cat

Beazley’s bold prediction of 50% rate increases adds to growing optimism

There has been much chatter about accelerated rate hardening at 1 January but this has not extended to actual projections of what this might entail.

COP27

COP27: An opportunity for industry to highlight critical role in ‘resilience’ build-out

During the next two weeks, many of the world’s political leaders will convene in Sharm El-Sheikh in Egypt to discuss the next steps forward in addressing climate change.

COP27

COP27 takes step forward on resilience drive but emissions progress stalls

COP27 was billed as the Implementation COP, the climate conference where we finally move from talk to action.

Property Cat

Beazley’s bold prediction of 50% rate increases adds to growing optimism

There has been much chatter about accelerated rate hardening at 1 January but this has not extended to actual projections of what this might entail.

COP27

COP27: An opportunity for industry to highlight critical role in ‘resilience’ build-out

During the next two weeks, many of the world’s political leaders will convene in Sharm El-Sheikh in Egypt to discuss the next steps forward in addressing climate change.