Hurricane Andrew – 1992

Hurricane Andrew – the storm that prompted a new way of underwriting

2022-08-16T06:59:00+01:00

Thirty years ago today, a storm formed which would have massive ramifications for the way the (re)insurance market operates today.

R&Q

R&Q: (some) shareholders strike again…

2022-08-15T07:38:00+01:00

Ever since legacy acquisition company R&Q listed on London’s junior stock market AIM in 2007, founders Ken Randall and Alan Quilter would have faced questions about succession.

D&O party over

Pricing party over for US D&O writers

2022-08-02T14:11:00+01:00

The general consensus is that average US public D&O pricing was down in the second quarter for the first time since 2017, amid greater competition and improved results, begging the question of whether carriers did enough to steer this line to profitability.

Beazley and Lancashire

Beazley vs Lancs on the Russia aviation loss threat

2022-07-28T07:27:00+01:00

Despite a sizable line on the leading London aviation war MGA Hive, Beazley reassures investors on zero net loss to leased Russian aircraft. But with writs flying and assets seized, can any (re)insurer be 100 percent certain?

IM-AON-WTW-Boston

Aon and WTW: From courting to the courtroom

2022-07-26T14:54:00+01:00

Aon’s recent move to sue WTW over its lift out of a team of Massachusetts-based construction specialists is perhaps a sign that the rivalry has fully returned to normal between two broking giants that just a year ago were presenting a united front.

Pollution and wind turbine

Creating the standard that could unlock a low-carbon future for insurers

2022-07-26T12:52:00+01:00

Perhaps the greatest challenge for insurers when assessing their carbon footprint is determining how to calculate the emissions resulting from their underwriting activities.

Lloyd's culture

Lloyd’s culture: Is WFH distorting the booze and bullying stats?

2022-07-25T07:12:00+01:00

This week Lloyd’s is set to formally unveil the results of its 2022 Culture Survey in which it records a marked reduction in the number of cases of inappropriate behaviour in the market.

Demotech

The Florida blame game

2022-07-22T09:42:00+01:00

Two months into the hurricane season, there are powerful forces gathering in the Sunshine State and talk about millions of Floridians being impacted.

Sunny outlook

Sunny outlook despite gathering storm clouds

2022-07-20T12:58:00+01:00

With mounting recessionary fears amid surging inflation and rising interest rates; geopolitical uncertainty from the Russia-Ukraine conflict and government instability elsewhere; and a growing frequency of extreme weather events, storm clouds are gathering over the global outlook.

John Glen MP

EC3 lost a political ally last week…

2022-07-12T07:27:00+01:00

Amidst the political fireworks that engulfed the UK last week, few paid particular attention to the resignation of City minister John Glen. 

Insurtech

Reality bites for insurtechs as layoffs mount

2022-07-11T14:48:00+01:00

It appears the divide is growing in the insurtech world between the haves and the have-nots, with an increasing number resorting to slashing their workforces in response to economic and industry trends while a select few are still managing to raise hefty sums at lofty valuations.

Project Rio – Lime Street

Lloyd’s puts faith in Project Rio bringing sunshine to Lime Street

2022-07-07T07:24:00+01:00

Project Rio. A phrase that conjures a cornucopia of competing images, from azure skies and Copacabana to dancing on the sand and Sugarloaf Mountain. 

1 July, Florida, Australia, Louisiana flood

Reinsurance brokers put to test as property market gets tough

2022-07-05T15:10:00+01:00

In echoes of the change in tone from retail brokers at RIMS 2019 acknowledging the shift to a sellers’ market and signalling the turning point in the US commercial insurance pricing cycle, the message from reinsurance brokers last week was of challenging conditions for cedants that could get tougher before ...

London Fireworks – Cancelled?

R&Q will be hoping for a damp squib AGM rather than Bastille Day fireworks

2022-06-30T07:28:00+01:00

14 July is Bastille Day, a national holiday in France commemorating the storming of the infamous prison and lighting of the revolutionary fuse which ultimately brought down the ancien regime.

Clear Insurance Management and Goldman Sachs Asset Management

Goldman Sachs repeats bet on UK broking with Clear Group deal

2022-06-28T07:19:00+01:00

Goldman Sachs Asset Management – the private equity arm of the investment bank – yesterday unveiled its latest foray into the insurance intermediary space with an investment in UK consolidator Clear Group.

Reinsurance renewals

1 July cat renewals and the Florida overhang

2022-06-27T15:16:00+01:00

With the dust not yet settled on one of the most challenging 1.6 Florida renewals in memory, property cat reinsurance will again be in focus this week with 1.7 deal negotiations scheduled to come to a close.

Cat and dog

Unleashing the potential of pet insurance

2022-06-23T15:22:00+01:00

Interest in pet insurance M&A, as well as some recent new entrants, suggest confidence in the growth opportunity of the market while sellers of businesses are looking to capitalise on soaring valuations and in some cases structuring transactions to maintain an interest in the potential upside.

TMPAA

Postcard from TMPAA Mid-Year

2022-06-21T15:16:00+01:00

Members of the program administrators and MGA ecosystem gathered in Boston, Massachusetts last month for the second in-person conference hosted by the Target Markets Program Administrators Association (TMPAA) since the start of the pandemic.

mind-the-gap-1876790_960_720

Closing the reputation protection gap…

2022-06-21T07:08:54.96+01:00

As industry sage Warren Buffett famously warned, it can take 20 years to build a reputation and five minutes to ruin it.

El Richardson – Howden Re and TigerRisk

Howden RE and Elliot Richardson: A rare example of actions matching words

2022-06-10T17:00:00+01:00

2020 will forever be remembered as the year of Covid lockdowns but it was also one of seismic uncertainty in reinsurance broking circles. The previous year saw Guy Carpenter hoover up the industry’s fourth largest broker JLT Re as part of Marsh McLennan’s £4.3bn purchase of its UK parent.