As this publication revealed yesterday afternoon, Bermudian Argo has put its Lloyd’s operation Syndicate 1200 on the block.
The insurance-linked securities (ILS) market remains in robust health with catastrophe bond issuance on the rise while collateralised capacity has grown and interest in sidecars has rebounded after a downturn in 2020, according to AM Best.
US and European P&C insurance benchmark indices posted gains in August with equities buoyed by continued investor optimism even amid uncertainty surrounding the Delta variant of the coronavirus.
Berkshire Hathaway wrote more excess and surplus lines (E&S) premium in 2020 than AIG while the overall E&S market’s performance is tipped to improve this year after its combined ratio deteriorated to 107 percent last year, a new analysis from Fitch shows.
European (re)insurers continue to outpace their counterparts in the US and Japan in making commitments towards restricting underwriting for fossil fuels.
Hurricane Ida looks to be developing a loss profile where claims are more heavily weighted to personal than commercial lines – albeit less so than with last year’s Hurricane Laura – and where a meaningful share will be taken by the E&S market and reinsurers, both represented in Lloyd’s.
If the Monte Carlo Rendez-Vous were to take place this month, what would be the major issues discussed? We have consulted with the oracles of the industry and this is our definitive list of the 12 macro themes that are driving CEO thinking. Throughout September, we will examine all of ...
AM Best: Reinsurance remains stable as improved pricing offsets claims concerns and abundant capital
AM Best has maintained its stable outlook on the global reinsurance industry with improved pricing trends in the majority of business lines helping to offset growing claims uncertainty – notably around Covid-19 - and what the agency described as an “abundance of capital”.
Data from Aon has revealed a significant deceleration in average rate increases for large, complex umbrella/excess casualty accounts in the US from 44 percent in Q1 to 15 percent in the second quarter of 2021.
The completion of CVC Capital’s ~$1bn takeover of legacy specialist RiverStone Europe from Fairfax Financial Holdings earlier this week marks the latest capital injection from private equity into the run-off sector.