July 2018/5

Early reporters paint a picture of an orderly market in transition.

Property cat reinsurance rate rises still lag behind those of primary insurance, executives said during Q2 conference calls.

The executive said insurers should not rely on the incoming Lloyd’s CEO to cut costs for them.

Bevis Tetlow moves to London after more than a decade in Bermuda.

The HMRC proposal would restrict VAT recoveries that are currently permitted for insurance services providers supplying carriers located outside the EU but serving UK clients.

Other similar types of platform in the Bermudian (re)insurer’s portfolio have also grown.

The Hartford, Travelers and Chubb were questioned about talc exposures this earnings season following a court ruling against Johnson & Johnson.

Only 7 percent of those surveyed buy insurance for intellectual property litigation risk now but one-third would do so in the future, the broker found.

Legacy carriers are lining up resources ready for the mass sell-off of continental European liabilities but obstacles to transactions remain.

To date, the company is the only US carrier to miss consensus estimates for second quarter earnings.

Beazley and Lancashire posted unexpected misses against estimates.

Some early data points have suggested notable loss creep on Hurricane Irma claims emanating from Florida.