Issues

The weighted average price per £1 of Lloyd's capacity more than halved in 2017, as the amount tendered by Names rocketed year-on-year.

The global reinsurers took significant hits from the third quarter hurricane activity, but earnings disclosures also revealed diverging ex-cat underwriting performances in the period.

The Insurance Insider's composite of global non-life reinsurance writers posted year-on-year top line increases for the third quarter, but a number of the group attributed large portions of the growth to reinstatement premiums.

London's three remaining publicly listed carriers all increased their top lines in the third quarter of 2017, although the trio diverged in their growth strategies.

Insurers fear another rise in the UK's insurance premium tax (IPT) rate in tomorrow's budget after three increases in less than two years doubled the rate to 12 percent.

A process to renew reinsurance for the National Flood Insurance Program (NFIP) could lead to expanded cover, but the Federal Emergency Management Agency (Fema) may be forced to pay a rate increase of 20 percent or more.

Certain benefits from the covered agreement signed on 22 September by US and EU officials may be a long time in coming, as full implementation may take five years.

As insurers brace for potential claims from the Las Vegas shooting last month, it has emerged that AIG leads the MGM Resorts International excess casualty tower and also has a significant participation on the cover bought by entertainment company Live Nation.

Insurance is going to have to get sexier because even our most undemanding customers will soon demand it.

US casualty underwriters are confident of achieving rate increases of up to 10 percent in the early part of next year, as the market passes an inflection point prompted by a build-up of liability claims and the knock-on effect from 2017 earnings decimated by property cat losses.

As the Financial Conduct Authority (FCA) begins work on its long-awaited wholesale insurance broking market study, both insurers and intermediaries will be honing their well-rehearsed arguments.

The big three insurance brokers all expanded their reinsurance business on an organic basis in Q3, with Aon posting the fastest growth for the second consecutive quarter.