Issues

The mooted lead-follow arrangement was another bone of contention.

Casualty rates and T&Cs should improve for 24-36 months, the executive said.

Executives who have been upfront about the need to batten down the hatches ahead of the impending casualty storm must be feeling a little put upon.

Full syndicates approved in the five-year period have generally underperformed.

As claims from Dorian and Faxai dent Q3 results, this publication assesses the impact on the market so far.

AIG’s AlphaCat-managed ILS funds grew AuM by $200mn in Q3, while assets at Nephila, Hiscox ILS and Mt Logan dipped in the quarter.

Now is the time to prove the growth rationale behind the 2015 Ace-Chubb merger, Inside P&C analysts said.

After years of cheap capacity and widening terms, complex accounts renewing in recent weeks have attracted low double-digit rate hikes.

Travelers chairman and CEO Alan Schnitzer is a vocal critic of a US litigation culture he claims imposes a “tax across society”. A worsening tort environment was the driving factor in the carrier’s own quarterly earnings shortfall, and has also emerged as key theme of the third quarter reporting period.

A more litigious environment in the country has pushed up claims frequency and severity.

The firm appears to be standing still on market share at best, according to an Inside P&C analysis.

The government scheme is to back early-stage and growth capital investors participating in the UK's National Security Strategic Investment Fund.