Results Round-up: Brokers fly as carriers nosediveThe Q4 results season kicked-off in earnest last week with a boost for the brokers after solid performances by Brown & Brown and Arthur J Gallagher (AJG) while the first signs of a hard-loss quarter for carriers emerged.
Lloyd’s expense ratios balloon as company market resists risesLloyd’s combined acquisition and administrative expense ratio hit 40.6 percent in 2016 as the Corporation continued to underperform its company market competitors despite a concerted efficiency drive and attempts to modernize the market.
Q4 losses - two steps forward, one step backIn the past week, the gap between disclosed and anticipated industry losses has had a ‘two steps forward and one step back’ feel to it as more carriers published revised fourth quarter loss numbers.
Reinsurance stocks rally after initial 1.1 fallsReinsurance stocks have begun to rally in recent days after declining in late December and at the beginning of January amidst reports of reinsurers conceding to lower rate improvements at 1.1.
Data drought hinders European (re)insurers’ cyber response(Re)insurers need more access to information on cyber-attacks if they are to provide adequate coverage.