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The mean nuclear verdict for 2013-2022 was $89mn, versus $76mn in 2010-2019. -
Fears around social inflation have maintained upwards pressure on US liability reinsurance pricing.
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The broker noted a shift towards alternative risk solutions in the MENA region.
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Recent contingency losses reflect a willingness of the market to go looking for premiums.
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Jessica Cullen is relocating to London from New York to take up the new role.
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The Lloyd’s chief of markets said he was generally comfortable with market fundamentals.
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Verdicts awarding more than $100mn hit a new high of 27 last year, study finds.
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Joy had previously set up the casualty practice at Global Indemnity.
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Based in New York, the executive will report to global head of casualty Josh Everdell.
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A minority view gaining currency is that 2016-19 will not be the only problem.
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The Bermudian’s reserves will be on watch when its Japanese parent reports earnings.
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The broker’s report also hailed the best risk-adjusted margins for ILS investors in a decade.
