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Analysts believe 2021 will be a “transition year” for Hiscox, Beazley and Lancashire. -
Underwriters warned of a need to sustain profits and the risk of losses as plants are reactivated.
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The Financial Conduct Authority’s latest release on UK claims data for Covid-related BI losses shows an acceleration of acceptances during June.
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Over the past decade, the high degree of fragmentation within the UK retail broking market has attracted private equity investors intent on consolidating intermediaries to create additional value.
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There has been an uptick of event cancellation business flowing from the US, which is attracting rate rises of around 50%.
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Reinsurers are talking about a new era of elevated risks, but their behaviour may signal a more relaxed view heading into 2022.
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US property rate increases are coming in below expectations, although European rates remain on the up.
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The Corporation’s deal signals a moderate view on growth and a refined approach to solvency management.
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New entrants have eased the capacity constraints that played a large part in last year’s huge rating changes.
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Senior executives on the island saw the coordinated initiative as a clear long-term threat, but one that is mitigated by various other attractions of operating in Bermuda.
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The London market has seen a marked slowdown in specialty insurance rates year-on-year, in the latest evidence that the recent upswing in rates is starting to lose steam after three years of acceleration.
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State-backed carrier GIC Re faces competition as the European Big Four press into the subcontinent.
