Issues
-
Deteriorating underwriting results in the US commercial insurance sector could provide growth opportunities for the excess and surplus lines (E&S) market, according to Ryan Specialty chairman and CEO Pat Ryan.
-
Ryan Specialty Group (RSG) is actively seeking new strategic acquisitions in its transactional broking and underwriting businesses, according to founding chairman and CEO Pat Ryan.
-
Broker Ed is asking carriers for up to $200,000 apiece in connection with its TradEd placing platform.
-
The CEO of major InsurTech start-up Lemonade has explained the rationale behind the firm's decision to drop its claim to be a peer-to-peer (P2P) insurance company earlier in the year.
-
The Corporation of Lloyd's is considering ways it can run more functions centrally in a bid to reduce the market's above-average 41 percent expense ratio, according to CEO Inga Beale.
-
R&Q has received a licence to operate in Rhode Island as the run-off acquirer positions itself to take advantage of a new Part VII-style regulatory framework, The Insurance Insider has learned.
-
The bidding process for Generali's EUR200mn ($238mn) legacy book has narrowed to three parties, with final offers due this week, The Insurance Insider has learned.
-
Hong Kong-based reinsurance start-up Nine Merchants Re is in active conversations with investors with funds outside China after encountering obstacles following a clampdown on domestic capital outflows, according to market sources.
-
British Airways (BA) is pursuing its property insurers for a sizable business interruption (BI) claim after suffering a global system failure in May, The Insurance Insider understands.
-
Industry insured loss estimates for Hurricane Irma narrowed to no more than $50bn, including up to $15bn in Caribbean islands that took a direct hit from the Category 5 storm before it weakened as it struck Florida's southwest coast and headed inland last week.
-
The reliability of modelled hurricane estimates for Irma and Harvey is coming under scrutiny as insurers begin to assess the cost of the two events.
-
Lloyd's syndicates have started to receive claims from insureds in the Caribbean following Hurricane Irma, with early indications suggesting substantial losses that will also hit the continental reinsurers hard.