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ALM backs Johnson for third-party capital seat on Lloyd’s Council
Johnson could replace the incumbent council member Jeffery Barratt.
Latest News
The Corporation’s chairman said that Names and other third-party capital are essential to maintaining the market’s unique nature.
The additional investment makes this the largest ever Series B round for an InsurTech, according to the firm.
Lloyd's chief of markets Patrick Tiernan said the Corporation is comfortable that a cyber risk pre-mortem exercise showed the market could cope with a major cyber incident.
The capacity deal is slated for deals with 10/1 effective dates and beyond.
Opinion
Opinion
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Could Ardonagh become the White Mountains of broking?
Adam McNestrie
Iumi 2023: Mariners hail healthy conditions amidst geopolitical turbulence
Despite a return to profitability in marine classes, the market is operating in an increasingly uncertain environment.
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Accredited enters advanced sales talks with Canadian PE firm Onex
21 September 2023 -
Bolttech raises further $50mn in Series B up-round
21 September 2023
Analysis
The worst-case scenario of a $12bn-$15bn claim looks to have been taken out, but there are lots of complex, vexed negotiations still to come.
As the curtain comes down on the millionth Monte Carlo Rendez-Vous, and the prices in the cafes and restaurants are presumably reset to their customary levels, the conference has again done its main job.
Insurance Insider explores how insurers can manage the dual, polar-opposite pressures of a litigious anti-ESG movement and net-zero climate activism.
Industry sources view the letters of credit (LOC) fraud scandal at Vesttoo as a specific rather than systemic failure, with further scrutiny likely on LOC providers.
More News
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Allianz Commercial warns of cable losses amid offshore wind growth
21 September 2023 -
PRA signals shift to disclose individual carrier results of stress tests
20 September 2023 -
Lloyd’s enters insurance scaling partnership with UNCDF
20 September 2023
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Beazley and AIG likely to face cyberattack losses on casinos
20 September 2023 -
PIB hires Burgess as CEO for underwriting and schemes
20 September 2023 -
Perils sets final Typhoon Nanmadol loss figure at 125.9bn yen
20 September 2023 -
Miller launches APAC treaty team with Broad hire
20 September 2023
Interviews
Interviews
The Corporation’s chairman said Lloyd’s has “earned the right to grow” and wants to drive competitive progress on ESG goals.
The Duncan Dale-led business has reached an ‘inflection point’ where a large, aligned capital provider is advantageous, executives say.
Hurricane Idalia is a reminder of the new normal cat environment and that reinsurers must continue to ensure they do not pick up attritional losses, the company’s P&C head said.
The chairman stressed that his new start-up will focus on the liability side of the balance sheet not the asset side – in distinction to the hedge fund re model.
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From our other titles
From Inside P&C
Commercial insurance PPI/CPI trends: A closer look at property, auto and workers’ comp
With Maui wildfire investigations beginning to point the finger at Hawaii Electric, it’s possible the insurance industry will see things play out as they did with PG&E in California, but the smaller scale of local utilities suggests lower potential recovery for insurers.
From Trading Risk
The ILS offering is competitively positioned as renewal talks begin
ILS capacity in the form of retained earnings and new inflows is shaping up to meet growing demand for reinsurance and retro coverage.
From Inside P&C
Half-year stat reserve analysis: What goes up must come down
Progressive has now reported three consecutive months of adverse development. The Inside P&C Research team takes a closer look.
From Trading Risk
ILS rebound among positive supply-side trends in Monte Carlo
The supply-demand dynamics are all pointing in ILS markets’ favour, so long as hurricane season goes quietly.
