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RAP repricing adds to Florida renewals delay but capacity starts moving
Some cedants remain far behind in a stressed renewal, but others are on the path to completion in a reshaped Florida market.
Latest News
Lloyd’s and the ABI are among respondents to the OECD consultation on incoming tax changes.
The company’s capacity doubled to £232.7mn for the year.
Group CEO Neil Robertson is making his mark on the company with an overhaul of leadership into regional and underwriting heads.
The appointment comes amid a flurry of personnel movement in the A&H class of business.
Opinion
Ukraine marine war premium falls as more ships opt to self-insure
A lack of income opportunities in the region has triggered speculation about how pricing models may have to change.
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Opinion: A tumultuous 48 hours for R&Q
27 May 2022
Analysis
The commercial insurance CEO said that the industry should act now before the cat market reached a point of implosion.
Ukraine uncertainties remain despite some loss estimates emerging in Q1 earnings across the Big Four European carriers, while inflation looms on the horizon.
Recent start-ups have recorded annual underwriting losses about 80% of the time, Insurance Insider analysis shows – even after becoming established.
It is understood that the Marsh and Aon Alpha facilities are those with the most exposure to the war in the Ukraine.
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WTW increases share buyback scheme by $1bn
26 May 2022
Interviews
Interviews
The president of BHSI’s UK and European operations outlined to this publication expansion plans for the $1bn-premium division.
Beazley’s pioneering new Syndicate 4321 uses ESG ratings to provide additional capacity for clients, but it will play a broader, strategic role for the carrier.
CEO Kate Markham and CUO Paul Lawrence discuss the biggest changes to the business, including a near 40% reduction in binders exposure and a push to lead more business.
In an interview with this publication, the executive said the broker will consider M&A in its bid to expand.
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From Inside P&C
Hagerty Q1: A collector car MGA bucking personal auto trends (for now)
The classic and collectible car insurer has a different risk profile than other carriers.
From Trading Risk
Cyber ILS: On the edge of a breakthrough?
Experts say cyber ILS offerings including cat bonds could be near, but concerns over structures, modelling and correlation persist.
From Inside P&C
Allstate Q1: Fatalities, new vehicle registrations, and rates
The firm has a similar market share to peers in states with high fatalities and new vehicle registrations.
From Insider Engage
Zurich VP Risk Engineering: Companies Must Become Cyber Resilient
It may be impossible to stop cyber attacks altogether, but companies can take steps to become cyber resilient, said David Shluger, vice president, Cyber Risk Engineering, Zurich North America. Shluger spoke with Insider Engage at RIMS 2022 in San Francisco.
