April 2019/3

Just outside the gothic towers of Notre Dame cathedral is the point from which all trunk roads in France are measured. It is known as kilometre zero and marks the centre of the country’s political geography.

Former RSA director Jimmy Barber says the state scheme is working to cut its own costs.

Founding CEO Daniel Schreiber said InsurTech firms were “better at the art and science of underwriting risk” than traditional carriers.

A firming D&O market is making insurers think twice about granting activism-related coverage extensions.

Early paying of premiums could draw in capital, panellists told a Trading Risk event.

ERS offered about 4 points of underwriting margin on £323mn ($422mn) of net earned premiums and was acquirable at roughly 1.1x book value of something like £150mn.

Lower valuations, fewer buyers and a different profile of bidder has been borne out by these two situations.

The E&S market is typically seen as the leading indicator of hardening in the broader market.