The recent spate of natural catastrophe losses has once again put the focus on un-modelled risk, and what steps are being taken by the market to cover the gaps.
Although the second quarter P&C earnings season that got underway in the US today will include the impact of weather losses and positive marks on investment portfolios, the focus of investors is likely to be on pricing momentum.
Analysts have remained upbeat about prospects for London market veteran Hiscox, despite the carrier posting an ominous trading update last week, noting that shares are currently trading at a record multiple.
The rate of acceleration in US commercial property pricing increased through the key 1 June and 1 July renewals as insurers pushed for rate as well as improved terms and conditions on accounts, multiple broking and underwriting sources have told The Insurer.
While investors in (re)insurance equities and debt have enjoyed a ripping H1, the ILS sector continued the malaise that gripped it for much of 2018.
Following our revelation that MMC-owned JLT had begun legal proceedings in the UK against the London-headquartered intermediary Hyperion in the wake of a flurry of high-profile resignations, The Insurer examines JLT’s claim for £10mn in recoveries.
Analysis from the latest sigma study from the Swiss Re Institute, World Insurance: the great pivot east continues, suggests that for the next two years the main driver of growth in non-life premium income will be from Asian-Pacific economies, though the tremendous recent growth witnessed in the Chinese market is ...
A spate of ransomware attacks on US cities in the past two months is just the latest development in a year for the cyber market so far defined by rocketing levels of ransomware activity.
Last week’s confirmation of a $60mn payout on a World Bank cat bond covering Peru earthquake showed the value of ILS and other risk transfer for developing country governments, but a new report sponsored by Nephila shows steady demand for these types of products has yet to emerge.
Is EU product liability directive 85/374/EEC still an adequate tool in a world of smartphones and driverless cars? Following a lengthy formal evaluation, the European Commission is set to unveil its findings imminently. The insurance industry has come out fighting.
Lloyd’s performance management directorate (PMD) is set to approve around 22 syndicate applications to increase capacity at mid-point 2019, The Insurer can reveal.
US D&O insurers are showing a new-found willingness to walk away if their price increase demands are not met, while the increasing cost of defending claims is putting lower excess insurers in the burn layer more.
*AIG, Argo, Axis and RenaissanceRe all had more than 30% of shareholders oppose their executive compensation
A report from Betterley Risk Consultants has revealed the market for intellectual property (IP) insurance remains highly specialised with limited capacity and modest growth but media liability insurance – which touches on IP areas – is growing much faster.
On the eve of the official start to the 2019 North Atlantic hurricane season which officially starts tomorrow (1 June), (re)insurers have been warned that the next five months could see another active season to potentially equal 2018 or even 2017.
The biggest Japanese insurers have revealed the extent of their losses from last year’s domestic catastrophes – Typhoon Jebi chief among them – and the percentage of losses that reinsurers took.
“Nothing stands still for long in the Energy insurance markets,” notes Willis Towers Watson (WTW) in its Energy Market Review 2019.
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.
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.