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March 2018/2

  • Crop insurers in the US anticipate lower premiums this year as prices for the nation's largest agricultural commodities - grains and soybeans - remained largely stable heading into 2018, while reinsurance rates may be down in the low-to-mid single-digit range.
  • Shipowners with loss-free accounts have received low-single-digit rate decreases on protection and indemnity cover at general renewals for the 2018/19 policy year.
  • One of the lessons of financial markets over the past two decades is that if you pay someone enough, they can provide you with fancy mathematics to justify almost anything.
  • PartnerRe's transfer of its upstream energy insurance portfolio to Ark Syndicate Management continues a strategic refocus on reinsurance that the Bermuda-based company embarked upon after being acquired two years ago.
  • US tax reforms will spur M&A transactions in the US and Bermuda this year, while Brexit malaise could benefit Asian deal-making, according to lawyers at Clyde & Co.
  • Biglari Holdings has pulled out of a $300mn deal to acquire Pacific Specialty Insurance, the firm said in a late December regulatory filing that came a few months after a deterioration in the target's financial results.
  • Increasing demand for a comprehensive insurance solution for fintech companies is pushing the London market to break down the traditional silos built around lines of business.
  • The Texas Windstorm Insurance Association is considering options for a new second season cover as it looks set to cut back its use of traditional reinsurance and catastrophe bonds for its 2018 cat programme.
  • Insurers are hoping that the pan-European data protection advisory body will intervene to safeguard the sector's ability to handle sensitive consumer data across the bloc after the General Data Protection Regulation takes effect.
  • Insurance Ireland has renewed calls for existing contracts spanning the post-Brexit border to be recognised after March 2019 amid signs of European Commission intransigence on the issue.
  • Global commercial cyber liability premium is set to hit $6.2bn by 2020, with the services sector likely to be the biggest buyer of the standalone product in that timeframe, according to a report by data analytics firm Verisk.
  • Capital management trends at the US-listed companies we follow were disrupted in 2017 by higher catastrophe losses and M&A activity.
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