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Innovation is moving too slowly, experts said at Insurance Insider’s London Market Conference. -
Fema's traditional reinsurance programme will attach at losses of $7bn and above.
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Allianz’s P&C unit booked natural catastrophe claims of EUR646mn over Q3.
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Cat losses increased 14.6% to $91.6mn, driven by Hurricane Helene and Storm Boris.
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Ceding commissions remain elevated, but primary rates are improving reinsurer margins.
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Carlyle re-launched efforts to find minority investor last June.
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The minister highlighted London’s critical mass of expertise and tech innovation.
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The carrier’s shares declined over 17% this morning following Q3 earnings and strategic actions.
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Insurers should reform underlying data before using AI, according to experts.
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Investing in balance-sheet businesses is a “more nuanced” story than backing brokers or MGAs.
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Panellists said the industry must work collectively to grow the London market pie profitably.
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Envelop Underwriting will bring all the firm’s underwriting into one framework.
