Issues

Underwriters face the prospect of mounting data protection-related liability claims following a landmark UK High Court judgment against Morrisons, experts have said.

The liability exposure from data breaches and cyber attacks is growing ever more apparent: but don't be fooled into thinking this is just an issue for the cyber (re)insurance market.

Markel's managing director of reinsurance Robert Blazer is leaving the specialty carrier, The Insurance Insider can reveal.

The soft market for upstream energy is over.

USAA has retained half the principal of its $80mn Residential Re 2013-2 class 1 cat bond and extended the risk period beyond a 6 December maturity date ahead of a possible California wildfire claim.

A parliamentary committee has passed risk transformation regulations that will allow for an ILS regime in the UK.

P&C (re)insurance companies suffered perhaps the heaviest ever cat quarter on record in the three months to 30 September 2017, as the active hurricane season along with two earthquakes in Mexico generated billions of dollars of claims.

Weaker favourable prior-year development was again a feature in the third quarter results for most carriers in our analysis.

After a series of disastrous renewal seasons characterised by over-capacity and falling demand, the upstream energy market in London looks set to achieve mid-single-digit rate increases at 1 January.

While the P&C sector was a sea of red in the third quarter, some carriers performed better than others against the expectation of analysts - although investor reaction remained muted.

The third quarter catastrophes are estimated to have generated around $100bn in insured losses - still the most widely circulated claims tally despite recent market scepticism, with only around a third of that sum having been publicly disclosed to date.

Investment returns remained subdued year-on-year for the vast majority of the companies in our analysis, ranging from 1.7 percent to 6.5 percent for the third quarter.