March 2019/3
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The news follows on the back of AIG discussing concerns over concentration in private client group
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Hamilton’s acquisition of Pembroke radically changes its business profile.
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We are currently selling pea shooters when the client needs a bazooka.
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The five listed Florida-based P&C insurers were pushed into the red by adverse reserve development and Hurricane Michael.
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LGT led the way with its rated start-up Lumen Re.
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Benchimol hopeful of mid-year correction after disappointing 1 January renewal.
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Helping instil underwriting discipline among Lloyd’s syndicates and advancing the London market’s digitisation push are top of the new chief’s ‘to do’ list.
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Underwriters are preparing for a major claim from Boeing and fear another loss-making year.
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Regulatory initiatives on both sides of the post-Brexit border have eased contract continuity worries, the ratings agency notes.
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Losses from Hurricane Irma loss have crept up by between 58 percent and 140 percent for Floridian specialist carriers.
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With two consecutive years of heavy catastrophe losses, it’s clear why Swiss Re won’t throw caution to the wind – even though the days when it went cap in hand to Warren Buffett are long gone.
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