Issues

AmTrust has again found itself in the crosshairs of the plaintiff bar after an accounting error forced it to postpone the release of its full results filing for 2016 and restate its results for the past three years

Underwriting will not become redundant as a result of artificial intelligence (AI), but technology will change the nature of underwriting, according to TigerRisk's global head of analytics and technology Jayant Khadilkar.

XL Innovate partner Martha Notaras has said that the dissonance between tech experiences "at home" and during the workday within the industry will help to boost innovation in (re)insurance.

Insurers need to improve the transparency of their product and reduce costs if they are to compete with newcomers, Embroker CEO Matt Miller warned a gathering of industry leaders last week.

Much of the talk around InsurTech seems to fall into two distinct categories.

InsurTech firms are targeting distribution in their first wave of disruption, and the polite, gentlemanly nature of their entry into insurance is unlikely to last long, speakers warned at The Insurance Insider's inaugural InsiderTech event.

Property direct and facultative (D&F) rates appear to be bottoming out at the 1 April renewals, as carriers reach a point where they cannot afford to concede further reductions.

Outgoing CEO Peter Hancock will receive a lump sum of more than $14.5mn upon leaving AIG, in addition to his base salary and potential bonuses for 2017.

Hard market pockets are emerging in the US trucking and transportation reinsurance market as deteriorating underlying results lead treaty underwriters to take a tougher stance on new and renewal business, The Insurance Insider can reveal.

Heritage Insurance Holdings has expressed a strong appetite for further M&A but indicated that smaller Floridian carriers, widely identified as ripe for consolidation, will not be on its hit list.

The number of Florida insurers looking to lower their use of reinsurance from the Florida Hurricane Catastrophe Fund (FHCF) has dropped notably in the run-up to this year's 1 June renewal.

Florida's smaller homeowners' carriers have averted the immediate threat to their critical A-range ratings.