June 2017/4

The key 1 July renewal for the Latin American market is expected to go down to the wire in what one underwriter described as a "schizophrenic" market.

Several Lloyd's and US (re)insurers have launched a $49mn legal action against Norwegian weather data provider StormGeo alleging defective read-outs from its system contributed to the sinking of the El Faro in 2015, according to court documents.

The juggernaut of London market MGA formation is showing no signs of slowing with the news that Aspen Re's former London head Stefan Long is working on a start-up in conjunction with Martin Reith's Neon.

JLT Specialty, one of the biggest producers to the London market, has informed carriers that it intends to impose subscription market brokerage (SMB) on classes of business where placements are syndicated, The Insurance Insider has learned.

The brokers have a cogent case for imposing subscription market brokerage (SMB), as JLT Specialty has indicated to insurers it will now do more broadly

It turns out that markets aren't broken after all

Reinsurers are attempting to push through UK motor rate increases of as much as 100 percent at the 1 July renewals as they look to transform the pricing landscape following the swingeing reduction to the Ogden rate.