June 2018/2
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New is the most powerful word in the English language – just ask anyone in your marketing department.
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Rates ranged from flat to up 5 percent at the June renewals
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Analysis from this publication finds 16 syndicates failed to make an underwriting profit for three years, landing them on the Lloyd's watch list.
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The reinsurer has raised $530.5mn of Sector Re debt since December.
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Only two Florida-specific bonds hit the market in the period.
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The carrier’s strategy is to build a global digital wholesale insurance platform, according to a speech at InsiderTech London last week.
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Carriers redistributed funds away from public utilities, mortgage and asset-backed securities and government debt.
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The Corporation has warned syndicates to address unprofitable business or face closure.
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Open-market property and marine are the worst-performing areas.
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The final guidance addresses some issues raised during the consultation while insisting on onerous notification requirements from transfer applicants.
