July 2017/5

A recently introduced Willis Towers Watson broking structure for terrorism cover has underlined the increasing facilitisation of the political violence market in London.

The legacy market has long eyed the array of continental European liabilities piled up on carrier balance sheets, just waiting to be released.

Hamburg-headquartered insurer Schwarzmeer und Ostsee Versicherungsaktiengesellschaft, known as Sovag, is bringing a legacy book holding EUR120mn ($140mn) of gross reserves to market, The Insurance Insider understands.

I've got a leaky roof.

The reinsurance community is expecting further demand for adverse development covers (ADCs) as a combination of soft market conditions, low interest rates and reserve adequacy concerns pushes carriers to scrutinise their back books.