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The pace of rate hikes will ease back from the 1 January reset as buyers seek to lock up capacity early after last year’s dislocated renewal.
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To stay relevant, intermediaries are being forced to scale up, broaden their suite of services and quantify their value.
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The group’s recent gear shift on growth has elevated the group’s risk profile across areas including M&A, financing, integration and liquidity.
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The broking group will soon target US retail broking, as well as continuing team lifts and looking for international mega deals.
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What you need to know about the changes to international accounting standards for insurance contracts, which became effective at 1 January.
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Lloyd’s has begun to move away from more ‘traditional’ syndicate launches, with a number of recent start-ups aiming to minimise expenses in order to return profits.
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Shock departures from the Net Zero Insurance Alliance have cast a shadow over the group’s long-term future, as a number of high-profile carriers review developments and consider their ongoing membership.
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The relationship between consistency and underwriting profitability for Lloyd’s businesses remains steady, our analysis shows.
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All four quartiles of the Lloyd’s market once again grew GWP in aggregate during 2022, Insurance Insider’s analysis shows.
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Legal precedents are being set which could lead to crippling liabilities for US businesses as well as longer term data management implications.
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A higher proportion of syndicates reported year-on-year combined ratio deteriorations than in 2021, analysis shows.
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Renewals in established markets were more orderly than at 1 January, but smaller markets were under pressure.