Analysis
Analysis
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Some firms are outsourcing their recruitment to tailor for a younger generation.
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The US regulator faces litigation from both sides of the climate issue.
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Recurring loss patterns have led to squeezed coverage, leaving clients exposed.
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We explore the first stages of incorporation of GenAI into insurance, alongside the longer-term potential.
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The recent Italian hail and Bernd losses show some companies are relying on outdated models.
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This year’s analysis of profitability and volatility also includes an alternate view over five years.
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Underwriters said there was some cause for concern around reinsurance coverage.
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Transatlantic competition, rising valuations and price undercutting set a challenging scene.
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In a departure from 2022 trends, fourth-quartile firms grew the slowest of all syndicates in 2023 at 8.1%.
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We take a look at the outgoing CEO’s performance as he prepares to handover to CorSo CEO Andreas Berger.
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Ariel and Blenheim were among eight syndicates moving into top underwriting quartile in 2023.
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Work is still to be done on the investor proposition, expenses, and navigating a waning pricing cycle.
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A claim on that scale would test the market in ways it has never seen.
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AI was the hot topic throughout the InsurTech Insights event.
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There is frustration in the market that remediation work has been squandered.
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Hard-won profitability has given carriers room to salt away reserves.
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Sources cited numerous issues with how collateral protection insurance was designed.
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Hiscox, Beazley and Lancashire all delivered one-off capital returns while swerving casualty issues.
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DDM is due to be removed as a core central service on 13 September.
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On average, risks are being placed in a range of flat to up 5%.
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Attention is fixed on how competition will impact pricing in H2.
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CEO John Neal has ambitions to pull in more major insurers, E&S players and captives.
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Rate increases have accelerated further after major losses in 2023.
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Underwriters are pushing for rate rises, but competition is increasing.
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Strong reinsurance results have absorbed long-tail reserve charges.
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Investors are still keen on UK broking – but they may expect more for their money.
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Fragile supply chains are driving up costs.
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Being underweight US casualty gives the firm more room than peers to manoeuvre.
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Convective storms cost more than ever, but activity was not exceptional.
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Rates have fallen on the back of reduced deal flow in 2023.
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After rapid growth, can the ‘darling of European insurance’ maintain its lean style?
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Sources said that the market was not sufficiently profitable to concede ground on pricing.
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The 1 January renewals featured a significant shift away from mainstay quota share and aggregate coverage, with examples including Axis and Brit dropping specific stop-loss covers.
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Key market participants hailed the narrowing of the gap between PV insurance and reinsurance, however said that more still needs to be done to fix the market.
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Prices are surging as a result of heightened risk but coverage remains readily available for shipowners.
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