Ari Chatterjee, Bermuda-based head of underwriting at cyber (re)insurance MGA Envelop Risk, partnering with MS Amlin capacity, analyses the nascent cyber reinsurance market after the 1.1 renewals and notes clear signs of market maturing…
In the past week, bitter disputes on both sides of the Atlantic over broker defections have provided textbook examples of what not to text. For broking companies – and any other participants in the (re)insurance industry – they provide a worrying reminder that they should beware what their executives are ...
If the adage ‘bad news travels fast’ is to believed, then word of Bermuda’s addition to the European Union’s tax haven blacklist last week must have been reverberating around the island in next-to-no time.
This morning, The Insurer revealed that the bitter - and very personal - legal dispute between Gallagher and UK broking Group Ardonagh had finally begun.
Where next for Aon and Willis and indeed how will the global broking landscape change over the next 12-24 months?
There were at least three reasons to welcome the UK Security Minister’s announcement earlier today that British anti-terrorism agencies are partnering with Pool Re to build a new public information exchange, funded by the country’s insurers.
News this morning that Aon is not after all going to pursue a transaction with Willis Towers Watson may rank as the shortest M&A saga in history.
Dan Glaser is going to get a reputation as a clinical deal maker like Warren Buffett if he continues like this.
For the first time in several years, the signs are that the upcoming Florida renewal will lead to meaningful rate increases.
After over two years of lobbying by the UK insurance industry, the British government was yesterday persuaded to create a tax friendly regime for onshore collateralised risk transfers.
The London insurance market is vital to both the City of London and UK plc; its direct contribution to the UK economy is estimated at 1 percent and it accounts for over 26 percent of the total contribution from the Square Mile.
There may be some sleepless nights among senior London market broker executives tonight as they prepare themselves for the UK regulator to publish its long-awaited results into the wholesale broker market in a few hours’ time.
In contrast to some of the more recent, excitable commentary about Lloyd’s gloomy future, today’s sad news is a reminder that a generation ago Lloyd’s really was facing an existential crisis.
Earlier today, the UK government announced that Royal Assent* had been granted to the Counter-Terrorism and Border Security Bill 2018.
As the last of the major US brokerage operations with bank ownership – and one of the few that balances significant retail and wholesale platforms – BB&T Insurance has long been the subject of speculation over its parent’s commitment to maintaining a presence in the insurance sector.
Despite the proposed £400mn+ sale of Liberty Group’s Pembroke Managing Agency entering into exclusivity, a number of other Lime Street sale processes have recently faltered amidst buyer caution, a brutal 2019 business plan exercise and mismatches on valuation.
The widespread incredulity of CatCo’s initial loss picks when it raised over $2bn in the wake of the 2017’s cat events meant not everyone was as surprised as Markel’s shareholders were when its retro fund manager subsidiary confirmed it was facing “governmental inquiries” in the US and Bermuda.
Willis Re and JLT Re published their reviews of the 1.1 renewal season today and, on first read, it is difficult to match their analysis with the “hardening” predictions heard with increasing confidence in Q4 2018 by underwriters.
Seasoned deal-makers often say the easy part of successful M&A is agreeing terms; the tough bit is execution.
On December 19, the National Association of Insurance Commissioners (NAIC) will vote on, and presumably approve, another set of changes to its model credit for reinsurance law and regulation. These changes are designed to implement the EU-US Covered Agreement and extend it to permit qualifying reinsurers in non-EU countries such ...