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Suncorp, IAG and QBE reinsurers could face significant recoveries after a landmark court ruling. -
Purchasing the analytics firm will help Willis meet growing demand for climate change services.
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The Hammerfest loss is thought to be ~$500mn and well spread around the market.
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Rates surge as much as 300% on distressed risks as underwriters seek to rebuild profitability.
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This publication examines the key changes since the first blueprint was published last year.
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Aon, Willis and MMC calls reveal clients’ hard market tactics, staff retention strategies and Covid-19 headwinds.
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Carriers expect only marginal gains and remain concerned that the UK overhaul will jeopardise equivalence.
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Deal volume also spiked by 41% and included several high-profile transactions.
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Rates on open market business are flat to 10% up, which could place increased scrutiny on broker facilities.
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Rate acceleration, frequency benefits and less-than-feared top line pressure were among the takeaways from US disclosures.
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Repeated pelting from smaller cat losses presents a host of challenges for carriers.
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Legal developments and the growth of litigation funding create challenges for the industry.
