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Aviation underwriters experienced a relatively muted first quarter for claims in 2016, as loss activity fell substantially compared to the same period last year.
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With first quarter earnings disclosures around the corner, market expectations have formed of bottom lines that will reflect both low catastrophe levels and rates that are contracting further.
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Reinsurers continued to concede rate reductions at 1 April, with "the reinsurance value proposition for insurance companies" improving in line with 1 January, according to Aon Benfield's renewal report.
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New entrants looking to jump on the M&A insurance "gravy train" are at risk of serious losses should they lack the necessary underwriting expertise, according to market sources.
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Downward pressure on rates in the US commercial insurance sector is showing clear signs of easing, according to broker Willis Towers Watson.
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Lloyd's syndicates suffered from mounting acquisition costs in 2015 as a soft market broker push for increased remuneration continued to lever up the price of sourcing business on Lime Street
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Pre-tax profits fell by almost a third at Lloyd's in 2015 to £2.12bn, as the market continued to feel the grip of the soft market
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Growth in casualty classes helped Lloyd's offset softening pricing conditions in 2015 as gross written premium (GWP) increased by 5.7 percent to £26.7bn
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Lloyd's reported weaker annual results in 2015, with the average syndicate combined ratio approaching 100 percent compared to 90.2 percent the year before, as intensifying rate pressure reduced profitability across the industry
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The stubbornly low yield and low interest rate environment is forcing chief investment officers (CIO) to rethink how they construct their investment portfolio, which has led to increased interest in strategic asset allocation.
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The average share price for the Insider 30 universe of P&C (re)insurers fell by 2.65 percent in the first quarter of 2016, underperforming the FTSE 100 and the S&P 500.
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After a series of hefty cuts in recent years, leaders writing US Gulf of Mexico (GoM) windstorm risks were seemingly the only segment of the energy (re)insurance market offering some resistance to further substantive rate reductions in the first quarter, according to JLT Specialty.