As earnings season gathers pace in the coming week a common theme from carriers that have reinsurance businesses is likely to be momentum in pricing across the sector building towards 1 January and other key renewal seasons in 2021 as the market moves into hard market territory.
The news that Enstar and Oklahoma have stolen a march by completing the first successful insurance business transfer (IBT) in the US is likely to be seen as a watershed moment for legacy players looking to tap the vast potential in the world’s largest insurance market.
After several years of mounting pressures for writers of Florida homeowners insurance business, a culmination of hard market reinsurance conditions and a series of loss events outside of the state could trigger the long-awaited day of reckoning for several players in the market.
2020’s legacy as a year of unsettling turmoil caused by Covid-19 continues today with news that President Trump has tested positive for the virus only a month before the Presidential election.
Four rulings on motions to dismiss Covid-19 cases this week – two of which involved dental practices – show that the hundreds of cases arising from the pandemic are likely to cause some gnashing of teeth among insurers despite the industry having the upper hand.
Diversifying outside of Florida in recent years through M&A and organically adding state licenses has been a tactic deployed by a number of homeowners carriers seeking respite from the challenges of the Sunshine State.
In a “normal” year it’d be about this time we’d be finalizing our schedules, putting the slacks and sports jackets into the cleaners and prepping up for Target Markets.
Welcome to the fifth edition of The ReInsurer, our weekly publication throughout September which has brought you news and insight into reinsurance market developments.
Ahead of RKH Reinsurance Broker’s imminent rebrand to Howden Reinsurance Brokers later this week,The ReInsurer caught up with Elliot Richardson, chairman of the intermediary to discuss the forthcoming 1.1 renewals, the Lloyd’s opportunity and the ability to be a challenger.
This week’s edition of The ReInsurer takes an in depth look at what is going on in the retro market, both through our lead news story and our latest virtual panel discussion focused on ILS.
Earlier this week, the UK insurance industry lost a seismically important court case brought by the financial regulator, the FCA.
If the Monte Carlo Rendez-Vous had taken place this week then one of the key topics of conversation among delegates would have been yesterday’s decision in the High Court regarding UK insurers’ liability for Covid-19 BI losses.
In only a few hours time we will discover the outcome of a critically important Covid-19 legal test case in the UK High Court.
So far, 2020 has been a year like no other – we are still navigating the effects of the global Covid pandemic, rates are hardening, and there has been a flurry of capital raising initiatives.
Russell Group’s Suki Basi outlines the important role of trade in global economics, urging the (re)insurance industry to look more closely at its exposures.
The world is still learning about Covid-19 and how to cope with it, and as RMS’ Maria Lomelo said, this balancing act is proving to be a tough one to master.
While Covid-19 losses pushed Lloyd’s to a loss for the first half of 2020, a significantly improved underlying performance is a promising sign, says Fitch’s Ekaterina Ishchenko.
For David Unsworth, the flywheel concept captures TigerRisk’s core strategy as the team pushes forward as one to solve tomorrow’s business challenges.
Capital allocation within Lloyd’s and run-off are two key focus areas for Schroder Secquaero as it continues to investigate innovative, alternative capital diversification structures for current and prospective clients.