Opinion

With chairman Bruce Carnegie-Brown’s third term expiring in June 2025, the organisation needs to start laying the ground for broader changes.

The market has undergone substantial multi-year hardening after a surge of painful loss activity.

Large visiting contingents from Florida to the Bermuda Risk Summit highlighted ongoing concerns around cat capacity availability.

Reclassifying expenses as underwriting or corporate costs for different reporting metrics is set to get more complex under IFRS17.

As Adidas terminated its partnership with Kanye West following his antisemitic tweets, it projected a loss that signalled why insurers should be pushing the need for brand reputation insurance.

New supply is entering the market after a remediation phase, but waning demand for London capacity is set to create pressure on pricing.

Misalignment in T&Cs means the London market is now running far more PV risk net.

The in-coming CEO must ensure a smooth transition, land the “London-out strategy” started by Brooks, and handle CPPIB’s exit.

The French carrier has replaced Laurent Rousseau with Swiss Re’s Thierry Léger - midway through a remedial journey. Can a third CEO in two years resolve the carrier’s issues?

Exclusions and coverage changes absolutely make sense as a goal, but some wordings have thrown up additional risks.

The association showed strong leadership and innovative thinking to increase the number of women on its panel without sacrificing fairness.

A harder reinsurance market will make its impacts felt throughout 2023.

While BMS has achieved a solid price and a favourable investor structure, there are signs of a cooler M&A market ahead.

The outcome over the debate on narrowing cat reinsurance coverage will not be an all-or-nothing bet, with all perils deals with exclusions not a polar opposite of named perils coverage.

The London market proved resilient in the face of twin shocks from geopolitical and natural disaster.

The Corporation is signalling that it wants to be as responsive as possible to allow syndicates to manoeuvre – but will it merely float with the tide of inflation or can growth take off?

Several structural factors, including the pricing cycle, make insurers more insulated from US activist states. 

London carriers were bullish on the opportunity ahead and suggested new ways of working will continue to evolve.

Announcements and interviews at the UN conference have shed light on the tools emerging to help carriers decarbonise their underwriting portfolios.

Even without the uncertainty of an imminent takeover, the path ahead will not be easy for Ascot.

The Treasury is yet to clarify its plans to introduce ‘call in’ powers against regulators, or detail how regulators will be held accountable over a new growth duty.

PE funds considering a play in the catastrophe space are far more likely to be looking for an alpha play.

Acrisure’s Flux syndicate will be a test case for a broker’s presence at Lloyd’s, one which rivals will watch closely.

The opportunity to set in statute meaningful powers and metrics to hold financial regulators accountable will reach a tipping point in the coming weeks, as the Financial Services and Markets Bill progresses through the next parliamentary stages.