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  • Goldilocks bowls
    Comment

    Chubb adds heavyweight voice to US pandemic backstop debate

    2020-07-10T18:21:00Z

    Chubb’s release of its proposal for protecting against future pandemics could serve to restore momentum to an issue that appeared to have stalled, providing a middle ground between the two proposals already out there.

  • program manager masthead
    Comment

    Access to paper and alignment of interests

    2020-07-09T19:56:00Z

    Cementing access to paper and demonstrating alignment of interests with (re)insurers has become increasingly important for MGAs and program administrators.

  • California wildfires
    Comment

    Another hard (market) decision

    2020-07-08T23:28:00Z

    The move to pull the proposed $2bn renewal of the California Wildfire Fund’s 2020 reinsurance programme is the latest example of a response from buyers to hardening momentum as capacity from reinsurers becomes meaningfully more expensive.

  • Greg Case – Aon
    Comment

    Hope is not a strategy … so Case and Aon took a different path

    2020-07-08T14:00:00Z

    A week ago today, Aon announced it was ending its controversial salary reduction scheme (and repaying the deferred sums, plus an additional five percent). Shortly afterwards, we asked CEO Greg Case whether he regretted the decision. 

  • Florida
    Comment

    Florida opportunity draws interest

    2020-07-06T12:13:00Z

    The well-documented woes of the Florida homeowners market might not paint a picture of a burgeoning opportunity for new entrants, but a number of recent developments point to fresh interest in the Sunshine State.

  • Lemonade
    Comment

    Investors’ thirst for Lemonade a good sign for other insurtechs

    2020-07-02T23:27:00Z

    Lemonade’s soaring share price in its first day of trading will help assuage fears over how insurtechs are viewed in a post-Covid world.

  • New York boarded up shop front
    Comment

    Striking out…

    2020-07-02T13:51:00Z

    Insurers risk further damage to the industry’s reputation if they impose blanket SRCC exclusions on standard property policies.

  • Reinsurance renewals
    Comment

    Calm between the storms

    2020-06-30T12:49:00Z

    The 1 July renewal may have been conducted on a relative sea of tranquility compared to the swell that engulfed the Florida renewal a month earlier. But the water between here and 1 January is anything but clear.

  • FCA – UK and Sweden
    Comment

    Why is Hiscox so keen on Sweden?

    2020-06-24T06:22:00Z

    What connects Sweden with Hurricane Katrina, and an upmarket hotel chain? The answer is likely to materialise later today when UK regulator the FCA publishes the defence submissions of Hiscox and seven other insurers who are involved in a landmark test case examining their denial of liability over Covid-19 business ...

  • Juneteenth
    Comment

    Juneteenth becomes a day for reflection

    2020-06-19T12:14:00Z

    The death of George Floyd during an arrest in Minneapolis has shone a light on the inequalities that continues to pervade in the US.

  • Marine tanker ship
    Comment

    The corvette and the tanker…

    2020-06-19T07:26:00Z

    While it is true that all boats rise with the tide, the marginal impact is naturally less if you’re an oil tanker compared to a nimble corvette.

  • Lloyd's
    Comment

    The Future at Lloyd’s… post-Covid-19

    2020-06-18T11:49:00Z

    Yesterday, John Neal wrote to the market unveiling a host of changes that will allow underwriters and brokers alike to return to One Lime Street from 1 September.

  • Hurricane
    Comment

    Remember the brutal storm season of 2010?

    2020-06-15T07:22:00Z

    No? Nor us.

  • E&S
    Comment

    Jumping on the E&S juggernaut

    2020-06-11T12:57:00Z

    The news flow of the past week has provided irrefutable evidence that the US E S sector is the hottest place in the global P C market right now, with private equity money flooding in to back carriers and mega distribution M A taking center stage.

  • Pool Re
    Comment

    £1bn Pool Re ball is back in the UK industry’s court…

    2020-06-10T12:52:00Z

    Last month, this publication revealed that a consortium of UK insurer heavyweights – marshaled by the industry lobby group the ABI – asked the UK government’s permission to release £1bn from the reserves of the state-backed terrorism reinsurer Pool Re to gift to Britain’s smaller businesses impacted by the Covid-19 ...

  • Citizens and FHCF
    Comment

    Model Citizens

    2020-06-08T12:12:00Z

    Florida’s cat fund and its insurer of last resort Citizens are both products of the unique dynamics of the private homeowners insurance market in the state.

  • Golden egg chick
    Comment

    Start-ups or scale-ups?

    2020-06-08T07:16:00Z

    Last week, this publication revealed three early stage private equity, hard market funding initiatives.

  • program manager masthead
    Comment

    Program Manager: no time like the present

    2020-06-04T12:49:00Z

    Welcome to the first issue of Program Manager, the new monthly ezine brought to you by the publishers of The Insurer .

  • Spinnaker Insurance
    Comment

    Hippo-Spinnaker deal brings paper guarantee

    2020-06-03T23:13:00Z

    Rumours that Hippo and Spinnaker were in talks over a potential transaction had been circulating in the program fronting space for a number of months.

  • RenRe plates
    Comment

    RenRe signals change of diet

    2020-06-03T13:37:00Z

    Investors look to have bought into the story behind RenRe’s proposed rights issue, which priced last night at $166 a share and will gross the reinsurer $1.05bn if underwriters take up their full option on the offering.