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Postcard from Iumi: Mariners hail market progress but warn of headwinds
Inflation and reinsurance costs are among the key challenges that marine underwriters face.
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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
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.
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Ian forecast to hit west-central Florida on Wednesday
27 September 2022 -
Postcard from Iumi: Mariners hail market progress but warn of headwinds
27 September 2022 -
I will not radically change the direction of Marsh McLennan: Doyle
26 September 2022
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
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BHSI promotes O’Neill and Reddin in Irish division
26 September 2022 -
InsurTech PlanetWatchers closes $11mn Series A funding round
26 September 2022 -
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Rokstone hires Globe Underwriting engineering team for centralised unit
26 September 2022 -
Marsh’s Glaser to staff: ‘No one I trust more than Doyle with company’
26 September 2022
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Lloyd’s Lab founder Maynard takes senior role at InsurTech Sotera
26 September 2022 -
SiriusPoint names Heerasing active underwriter of Syndicate 1945
26 September 2022 -
UK government PI scheme for high-rise assessors goes live
26 September 2022 -
Resilience lands HDI Global Specialty capacity for UK operation
26 September 2022
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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