The power of independenceAhead 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.
Recent rulings signal some pain ahead in US Covid-19 BI litigationFour 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.
Floridians’ geographical gain = Q3 painDiversifying 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.
Will retro hardening fuel reinsurance rating momentum at 1.1?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.
Will the FCA decision be overturned on appeal?Earlier this week, the UK insurance industry lost a seismically important court case brought by the financial regulator, the FCA.
To appeal or not to appeal?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.
Clarity… but not closureIn only a few hours time we will discover the outcome of a critically important Covid-19 legal test case in the UK High Court.
Why reputation and relevance has never mattered more for our industrySo 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.
Trade windsRussell 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.
Making sense of a changing pandemic pictureThe 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.
Lloyd’s down, but primed to meet the challengeWhile 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.
The power of the flywheelFor David Unsworth, the flywheel concept captures TigerRisk’s core strategy as the team pushes forward as one to solve tomorrow’s business challenges.
Improving the capitalisation structure of the industryCapital 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.
Change agentsEY’s Simon Burtwell on how a new and more dynamic value exchange will fuel growth in large commercial and reinsurance business.
Covid-19 pandemic: An unparalleled eventThe (re)insurance sector is well versed at navigating market-changing events, and is well positioned to address the near and long-term impacts of the Covid-19 pandemic, says David Priebe, chairman of Guy Carpenter.
Reconnecting non-marine treatyA look back at last year’s renewal helps us understand what lies ahead, says David Baldwin, managing director of non-marine treaty reinsurance at Ed.
Comment: E&S outlook underratedAM Best holds a negative outlook on the US surplus lines sector. But the data for the first half of 2020 shows strong momentum, despite the challenges of Covid-19.
Active 2020 hurricane season may yet eat into (re)insurer capital…The Atlantic hurricane season is continuing to break records, with Sally surpassing 2005’s Hurricane Stan as the earliest S-named storm on record.
Communicating the value of (re)insurance to societyIt takes 20 years to build a reputation and five minutes to ruin it,” industry sage Warren Buffett once warned.
Challenges bring opportunity for (re)insurance in AsiaThe silver lining to any challenge is the opportunity it brings, and, in Asia, reinsurers may be on the cusp of unlocking significant potential, says Fitch’s Jessica Pratiwi and Siew Wai Wan.