Issues

A recent private equity acquisition valued the broker at around 15x Ebitda.

Combined profits held level at $4.9bn across 2017/18 despite a five-point worsening in the mutuals’ aggregated combined ratio.

Adverse development and a withdrawal of capacity are expected to lead to increased pricing for loss-affected Latin American accounts.

Julian Enoizi, who was instrumental in bringing the £75mn Baltic Re terrorism cat bond to market, said using ILS for an exotic risk was “a long journey”.

A creeping sense of optimism stems from specialty lines

Fourth-quarter investment income at AIG’s general insurance arm was down 61 percent on the previous quarter, but performance could recover in Q1.

Sir David Rowland’s death is a reminder of Lloyd’s capacity for adaptation and renewal.

The group increased the reach of its Hydra captive and eked out low single-digit rate decreases across the rest of the placement.

The leading figures in the Latin American reinsurance market are in Miami for the region’s version of the Monte Carlo Rendez-Vous de Septembre.

The Eurekahedge ILS Advisers index posted its worst December performance on record.

Private equity and in-market consolidators look to profit as Lloyd’s challenges provoke evolution of ownership structure.

Repeated record wildfire losses have seen carriers scale back their offerings.