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AM Best lowers outlook for Sirius entities

The downward revision of the up-for-sale business lays bare the problems associated with the large stake indirectly held by China Minsheng.

BMS appoints EC3 P&C reinsurance director Wates

Broker makes several key hires after Canadian pension fund and private equity deal.

Aspen names Froehlich as UK chair

The firm also appointed Natalie Waller as a non-executive director for both the UK company and the managing agency.

NFIP short-term extension passes US legislature

The bill, which marks the 13th short-term reauthorisation since 2017, extends the program through 20 December.

• Marsh’s Drzik to move to advisory role
• Arch Re to acquire Aspen Re’s credit and surety renewal rights
• Retro lockup to cause surge in reinsurance costs: AIG’s Driscoll  
• US marine insurers should hold the line on pricing: AIMU chairman 
• HDI Global reshuffles US leadership
• Neal: ‘Rainmakers’ get no free pass on bad behaviour

Opinion

The cost burden at Lloyd’s challenges the idea it can be an incubator for start-ups – even in the SIAB Age

The SM&CR poses a challenge to broker hierarchies and cultures

The InsurTech sector should pause during this period of IPO disillusionment and work on their businesses

Mario Greco says he has tamed the large-loss monster at Zurich

In Brief

California insurance regulator asks carriers to expedite wildfire claims

Tysers builds Bermuda hub with Paragon hire

New Mexico insurance commissioner to step down: report

Axa to underwrite THB’s Fleet UK product

Allied World appoints bespoke division head

Optio enters political risk market with Hiscox backing

Analysis

Moody’s cuts 2020 European insurance outlook to negative

Low interest rates and macroeconomic uncertainty threaten profitability and solvency ratios.

Soft market growth – a retrospective

One of the best indicators of risk is how much growth was written in problematic lines during the soft market years.

The Great Lloyd’s Cull

Dale Underwriting, Agora, Apollo, Probitas and Verto all have capital in place for 2020, or are nearing that point.

I50 treads water as London carriers slip

Beazley slumps to the bottom of the index amid downgrades following a trading statement.

Prendergast and Layzell lead the 2019 Cyber Rankings

Changes in leading positions point to a fluid market for cyber talent.

• Cyber
• US Property Cat
• Political Risk
• Political Violence
• D&O