Analysis

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.

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.

State-backed carrier GIC Re faces competition as the European Big Four press into the subcontinent.

On average, syndicates which show consistency in their underwriting results also deliver higher underwriting margins.

The results challenge the idea that syndicates need to build scale at Lloyd’s in order to succeed in the marketplace.

Whatever their eventual impact on runaway loss inflation the fact reforms were enacted at all is a happy surprise for the industry.

Many carriers agreed on the growing attraction of primary markets but differed on reinsurance-expansion tactics.

The February Deep Freeze has already pushed cedants to access reinsurance, adding fuel for rate rises later this year.

Analysis of the numbers by Insurance Insider showed a slight loosening of the Corporation’s restrictions on growth between 2019 and 2020.

Underwriters voiced a cautious optimism about the outlook for 2020, but warned that the class was moving from a low point.

After years of poor performance and talent flight, Insurance Insider examines the challenges faced by Axa XL and the strengths it holds to forge a new start.

An increased frequency and severity of fires weigh on per-risk covers.