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.
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.
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.
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.
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.
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.
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.
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.
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.
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.