European Commission and Department of Justice

Aon-WTW – history suggests DoJ will fall in behind EC regulatory approval

2021-05-10T07:15:00+01:00

The Aon-Willis Towers Watson transaction looks set to pass its biggest test yet with the European Commission reportedly greenlighting proposed remedy packages and announcements on divestments expected in the coming days. Attention will now shift to US antitrust regulators at the Department of Justice.

Low emissions

Next decade critical for insurers in net-zero push

2021-05-05T12:36:00+01:00

Political declarations have sparked renewed momentum in the global drive towards carbon neutrality over the past month, and these moves will likely prompt an acceleration in the insurance industry’s efforts to cut its own emissions.

Aon, WTW, Gallagher, Howden and McGill

Divestments close in Aon-WTW end game

2021-04-30T15:53:00+01:00

Next week it is likely Arthur J Gallagher will find itself as the owner of Willis Re and various assets of Willis Towers Watson’s Corporate Risk & Broking business that have been put on the block to get Aon’s acquisition of WTW over the line with regulators.

program manager masthead

Performance assessments: catalyst for further change?

2021-04-21T19:29:00+01:00

There are less than two weeks before the 3 May deadline for feedback on the methodology that will drive Best’s Performance Assessment for MGAs, MGUs, program administrators and other delegated underwriting authority enterprises (DUAEs).

Marsh McLennan

Truist organic growth is positive read-across for other brokers

2021-04-15T14:38:00+01:00

First reporters are not always viewed as industry bellwethers and Truist Insurance Holdings – with its retail, wholesale and MGA operations – is not a straight analogue for its publicly traded peers. But strong Q1 organic growth of 6.4 percent is nonetheless being seen as a positive for the wider ...

Reinsurers underlying performance in focus for 2021

Willis Re highlights reinsurers’ underlying conditions

2021-04-13T01:55:00+01:00

A new report from Willis Re has highlighted reinsurers’ underlying performance in 2020 is no cause for celebration, and that there remains a need for a lot of improvement.

Insurance rates index

Eeyore or Goldilocks: what’s happening with (re)insurance rates?

2021-04-07T07:50:00+01:00

As we all know, the world is divided between those who take a rosy, glass-half-full view of events and those who squint at the glass and gloomily come to a more Eeyorish interpretation.

Lloyds buidling landscape

Five reasons for optimism at One Lime Street…

2021-04-01T07:34:00+01:00

While headline figures showed a fourth consecutive year of underwriting losses and a combined ratio of 110.3 percent, the mood among senior management at the Corporation was one of optimism.

CNA

Even cyber writers are not immune to attacks

2021-03-25T22:09:00+00:00

CNA’s cybersecurity attack this week provides some embarrassing PR for a carrier that is a prominent cyber writer, but more than that it highlights the growing threat facing all companies.

Congress and covid-19

The need for political (good)will…

2021-03-25T14:36:00+00:00

With more than a year having now passed since the onset of Covid-19, there remains little progress in the development of risk transfer mechanisms for future pandemics.

Global risk

The importance of choice

2021-03-23T14:40:00+00:00

One of the key challenges facing the industry as it seeks to expand coverage for uninsured risks which sit within the current ‘protection gap’ is the lack of sufficient modelling tools to manage these exposures.

John neal Lloyd's

Are Lloyd’s SIABs poised to bounce back?

2021-03-23T08:19:00+00:00

Unveiled with great fanfare 18 months ago, it is fair to say Lloyd’s syndicate-in-a-box (SIAB) innovation has so far generated more noise than action.

The Hartford auction

Low bid from Chubb puts The Hartford firmly in play

2021-03-19T08:01:00+00:00

At just 1.44x estimated tangible book value, Chubb’s preliminary offer of $65 a share for The Hartford looks to be little more than an opening gambit and puts its smaller rival firmly in play for counter bids.

AM Best spotlight

Under the ratings agency spotlight

2021-03-17T18:48:00+00:00

News this week that AM Best is introducing performance assessments – or Best’s PA – for MGAs, MGUs, program administrators and other so-called delegated underwriting authority enterprises (DUAEs) is likely to meet with a mixed response in the programs sector.

Marsh McLennan

A new look to celebrate being 150 years old…

2021-03-15T08:29:00+00:00

If 24-hour news and social media existed 150 years ago, then the roll call of cats, conflict and rapid political change would have gripped the watching world.

Snow storms and arctic blast in Texas

Complex winter storm loss bill expected to rise from initial PCS number

2021-03-12T22:16:00+00:00

Reinsurance sources continue to expect a double-digit billion dollar loss from last month’s winter storm activity, but more clarity finally appears to be emerging around where the ultimate cost to the industry may land.

Florida

Florida: Déjà vu with a different outcome?

2021-03-12T16:13:26.997+00:00

It is not unusual in early March to be talking about the woes of the Florida specialist homeowners and property insurance marketplace and whether its participants will all still be around by the time it comes to the mid-year reinsurance renewal.

SPAC and Insurtech

The SPAC bubble

2021-03-11T15:32:00+00:00

The increasing interest in insurtechs from SPACs marks the inevitable convergence between the capital markets’ current biggest craze with an area of the insurance market that had already been attracting increasing levels of funding at eye-watering multiples.

Aon and WTW one year on

Aon-WTW one year on – will pragmatism get the deal over the line?

2021-03-09T07:39:00+00:00

As with much in life over the last 12 months, Aon’s announcement of an agreed deal with Willis Towers Watson (WTW) seems like an age ago and yet only yesterday, as time continues to distort during the Covid-19 pandemic.

US WHOLESALERS

Land of the (wholesale) giants

2021-03-05T14:36:00+00:00

Less than a year after this publication revealed that Ryan Specialty Group was set to buy the then fourth largest US wholesaler All Risks, the firm that stepped up into the position, Worldwide Facilities, is being taken out by Amwins.