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Glaser’s decade in post included the JLT takeover and a doubling of revenues.
Loss activity is escalating in the class of business, leading underwriters to question rate softening.
In the more extreme of two scenarios, Ian could mimic 1921’s Tarpon Springs hurricane at a cost in the double-digit billions, BMS said.
Fiona weakened to a tropical storm late last week but still brought torrential rain and high winds.
Opinion
Long reads

Long reads

Yesterday, we published a detailed examination of the barriers preventing women from reaching the executive committees of Lloyd’s managing agencies.
In the first part of a two-piece investigation, Insurance Insider explores the pernicious barriers to women reaching the executive committees of Lloyd’s managing agencies.
North American companies also pay executives more relative to company size than European rivals.
The median 2021 compensation of industry leaders in the US and Canada was $7.7mn, compared to $4.9mn in Europe.

Hurricane Ian: Three major questions for the industry as storm heads for Florida

Reinsurers are better positioned to face this storm from a financial point of view – to Florida state’s detriment – but how capital providers will react to a loss is the wildcard.
Analysis
Inflation will define priorities such as a focus on safeguarding clauses and pricing transparency, as well as line of business challenges, for underwriters and actuaries in the year ahead.
This publication’s review of H1 disclosures shows how listed (re)insurers’ nat cat losses have tallied with aggregate projections.
Sources said that some entities were exhibiting “sheer desperation” to hit 2022 plans, driving down prices.
How much capacity is available to meet rising cat reinsurance demands was a key theme throughout this year’s Rendez-Vous.
More News
Interviews
Interviews
The business has retained Evercore to advise on future funding options. 
The firm's ethos will remain the same, but the bigger balance sheet may help it win clients and absorb volatility.
The carrier will “hold the line” on property exposure with its key renewal clients, the executive explained.
The International Underwriting Association’s CEO Dave Matcham believes certain Blueprint Two projects can be vital in attracting more business to the London market.
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From our other titles

From Inside P&C

Personal auto: Revisiting the divergent claim counts trend as we head to quarter-end

Claims analysis shows slow reactions to negative trends can affect several quarters, but carriers who emerge strong will be able to pursue growth faster than the competitors who are always playing catchup on loss cost trends.
From Trading Risk

ILS investing: Hopes rise that diversification pitch is gaining traction

Some are suggesting a rotation of the investor base may be underway, with a move back towards more opportunistic funds.
From Inside P&C

Three questions to ask at the 2022 ITC conference

As ITC Vegas begins, the Inside P&C Research team explores the discussions needed among InsurTechs to address questions around capital, partnerships, and profitability prospects.
From Insider Engage

The Move to Outsource Supply Chains Now Under Pressure

As inflation, the war in Ukraine, climate change, and the lingering effects of the pandemic continue to cause problems for global supply chains, insurers and their clients are likely to come under increasing pressure to reconsider long-established methods of procurement and delivery.
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