John Neal – Lloyd's

Neal shows determination in returning to the fray of market modernisation

2022-12-06T08:28:00+00:00

Lesser men than John Neal may have decided to call it quits when the Lloyd’s CEO found himself lying in a hospital bed in March 2022 recovering from six hours of surgery after a horrific cycling accident.

US program insurance sector

Time for a reality check…

2022-11-28T13:56:00+00:00

This publication was launched a couple of years ago because we, as publishers, saw an opportunity to bring a valuable news service to a booming sector.

COP27

COP27 takes step forward on resilience drive but emissions progress stalls

2022-11-21T08:25:00+00:00

COP27 was billed as the Implementation COP, the climate conference where we finally move from talk to action.

Property Cat

Beazley’s bold prediction of 50% rate increases adds to growing optimism

2022-11-17T08:17:00+00:00

There has been much chatter about accelerated rate hardening at 1 January but this has not extended to actual projections of what this might entail.

COP27

COP27: An opportunity for industry to highlight critical role in ‘resilience’ build-out

2022-11-07T07:55:00+00:00

During the next two weeks, many of the world’s political leaders will convene in Sharm El-Sheikh in Egypt to discuss the next steps forward in addressing climate change.

cyber risk ransomware

Has cyber cover reached a price where it no longer makes sense to buy?

2022-11-04T07:22:00+00:00

During periods of sustained market hardening, there comes a point where buyers of insurance or reinsurance begin to question whether purchasing the product continues to make economic sense.

AIG

AIG’s $660mn reserve charge a reminder of the sting in D&O’s tail

2022-11-03T16:15:00+00:00

AIG’s hefty financial lines charge primarily related to the 2018 and 2019 accident years and excess coverage comes against a backdrop of a rapid swing this year to D&O pricing declining in the wider US commercial insurance sector.

Target Markets

The capacity challenge…

2022-10-31T14:24:00+00:00

The “capacity is king” trope is widely used in the MGA and programs space, and for good reason.

Noru floods

An ESG metric no one talks about

2022-10-26T13:22:00+01:00

There’s rarely a day when (re)insurers are not reminded of the ESG spotlight trained upon them – with the E being very much the focal point.

1.1 battleground

Named perils vs all risks: the new 1.1 battleground

2022-10-25T04:13:00+01:00

Attendees at the Guy Carpenter Baden-Baden Reinsurance Symposium on Sunday may have been relieved to hear speakers agree that 1.1 European reinsurance capacity overall will not be in short supply, as is expected across the Atlantic. 

Germany flood

European cedants face up to a tough renewal ahead

2022-10-24T04:15:00+01:00

While Hurricane Ian’s impact on Florida has dominated headlines in recent weeks, European cedants have their own challenges to deal with ahead of this year’s 1 January renewal season.

Baden-Baden

Welcome to Baden-Baden…

2022-10-23T08:45:00+01:00

There are few certainties in life. Death, taxes and a new British prime minister every month. But we can add to that short list the key themes at this year’s event: the availability, terms and cost of reinsurance capital in 2023. 

Retro

Goodbye retro?

2022-10-04T10:21:00+01:00

In recent years a schism occurred in the interconnected property (re)insurance value chain.

Offshore oil rig

Will others follow Munich Re syndicate’s oil and gas exit?

2022-10-03T07:26:00+01:00

(Re)insurers’ appetite to continue underwriting fossil fuels has been under increased scrutiny in recent years with environmental activists keen to highlight the role the industry plays as an enabler of these activities.

Hurrican Ian

Ian highlights protection gap challenge

2022-10-03T00:07:00+01:00

For all the headlines in trade publications such as The Insurer about the impact of Hurricane Ian on the insurance industry, we must not ignore the human tragedy of the event and its burden on Floridians – as well as the glaring light it shines on the issue of the ...

Dallas magnify glass

The search for the missing $20bn

2022-10-02T14:36:00+01:00

Delegates arriving in Dallas for the start of the American Property Casualty Insurance Association (APCIA) conference today may have a feeling of déjà vu.

Naples, United States. 29th Sep, 2022. The storm surge from Hurricane Ian

Building back better; why the post-Charley rebuild may help reduce Ian losses

2022-09-29T14:52:00+01:00

One of the notable factors about Hurricane Ian’s landfall location was that the storm struck in almost exactly the same place as Hurricane Charley 18 years ago. 

Florida

Ian to further shift sentiment as industry reassesses property cat appetite

2022-09-27T15:53:00+01:00

Ian became this year’s second major hurricane this morning, and its winds are expected to further intensify over the coming hours as it moves over the warm waters of the Gulf of Mexico.

Dan Glaser

Measuring the Dan Glaser legacy

2022-09-27T07:28:00+01:00

If the success of a retiring elite sports coach is measured by silverware and competition victories, then for CEOs of multinational firms it was traditionally always about the share price performance. Or at least it used to be.

1.1 Renewals

Lloyd’s market message brings further indicator of a tough 1.1 ahead for cedants

2022-09-23T06:15:00+01:00

One of the key takeaways from this year’s Rendez-Vous in Monte Carlo was just how challenging the next few months will be for many cedants and their reinsurance brokers as they look to place their 1.1 treaties.