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Last week, UNEP launched a multistakeholder forum building on the experience gained from the NZIA.
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From here on out, insurers will likely have to rely on the strength of their individual stories.
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The short-term disruption of relisting may be justified by the long-term benefits.
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A fresh investor will be needed to put meaningful cash on the table for a US retail deal.
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High cash-burn, the dearth of available leaders, and weaker market conditions all point to shelving.
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The agreement from Fleming to honour original terms still leaves it open to long-term damage.
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The new CEO needs to fix the underwriting, but should also ask the bigger questions.
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Lloyd’s gains leadership, and The Fidelis Partnership gets capital diversification.
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However, it doesn't prove a mutual is a wrong concept for the cyber market.
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Long-term confidence in the market depends on the details of the new tax rule.
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Sources believe Lloyd’s may be veering away from central DA systems.
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The narrative of competition between the two hubs can hold space for benefits.
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Reinsurers are reporting stellar 2023 results – what they do with the earnings will be crucial.
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Impressive results in 2023 will mean big payouts.
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The Corporation is walking a tightrope between encouraging further growth whilst maintaining discipline.
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As a drip-drip of exits have continued amid a harder cat market, broader questions arise.
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Aviva will need to manage the talent base deftly to get the most from the deal.
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Brokers face pressure on margins as the market’s firming phase slows
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A minority view gaining currency is that 2016-19 will not be the only problem.
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Rising legal costs show the risk of Howden’s growth-hungry approach.
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Changing work practices do not overshadow basic precepts of good employment.
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A hard cat market in 2023 means cedants must consider the alternatives.
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Putting together two “show me” stories risks investor skepticism.
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The depth of the retro market recovery will be an influential factor in the pace of the cat market slowdown from here.
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The company has improved performance and brought in new top management – but its direction under Covéa remains to be seen.
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The segment has bounced back from its mid-2022 nadir, but its current zenith is not that much to shout home about.
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The flight of reinsurers to mid- and upper layers of programmes is influenced by recent experience but softening at this level can be seen as a risky move.
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Lloyd’s may be wary of making disciplinary hearings more public, but it could at least make processes more transparent.
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The move points to a longer spell of independence for Miller – but possible bearishness on external interest in UK broking.
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The question is whether the inherent value in CFC was in fact concentrated in departing executives David Walsh and Graeme Newman, or if the business can trade forward as it did.
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The 200-year-old firm is not the only one to be caught up in watchdogs’ investigations into corruption and bribery controls.
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Does one party – the carrier or the cedant – have to lose out for the other to succeed?
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London’s insurance market is booming in some ways yet still has multiple challenges to address.
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Lloyd’s has been trying to simplify its story for external investors, but it has more work to do judging by the outcome of the London SPAC vehicle which was planning a new syndicate investment launch.
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Trading at just 0.6x book, the firm is a cheap option for an insurer which is looking to enter E&S, or is underweight in the sector.
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Variations between the casualty and cat markets mean 2024 cat outcomes may be far less uniform than they were this year.
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At a point when cyber rates are falling and capacity is plentiful in high excess layers, the mutual plans have the wider cyber market somewhat perplexed.
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The 3x3 plan takes the things about the firm over the last decade that have been distinctive and intensifies them.
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With new leadership at some of the largest continentals, there will be close attention to how their tactics in changing lines of business will evolve.
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Halfway through a complex restructuring is not the time for a CEO (and CFO) change.
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As the algorithmic syndicate has diversified its capital base, the risk-modelling world provides a parallel with regard to how these initiatives could develop.
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Investors are beginning to push insurers harder to deliver on diversity and inclusion, but the culture around speaking out and recruiting talent suggests new ideas or broader execution is needed.
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The lopsidedness of the ILS recovery means more confidence around prolonged hard market rates but also raises the bar on competing for third-party capital.
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Strong words from Patrick Tiernan have caused a stir in the market as pricing continues to fall off fast.
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Insurance Insider has compiled a digest of a complex web of regulatory reforms that will take shape during the next 18 months.
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The pressure is on Lloyds to deliver benefits as other players build up their domestic E&S platforms.
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The personal lines strategy mirrors the buy, build and sell playbook you would see from a sponsor.
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This CVC investment has come hot on the heels of an H1 result which showed performance plus growth, and should be interpreted as vindication of the work done at Lloyd’s.
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The psychological wounds of the past were serious, and the sector’s redemption arc with capital will take time to play out.
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The paradox of “the best reinsurance market in years” is that there are still question marks over who wants a piece of it.
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However minor an irritant these losses are for global carriers, their impact is likely to have an outsized influence on the narrative heading into the 1 January renewals.
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Prior-year legacy deals and higher reinsurance costs are just some of the issues that brokers, MGAs and other cedants are confronting in clearing up after the debacle over allegations regarding faked letters of credit.
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Beazley and Lancashire’s plans to launch US units exemplify wider competitive challenges that the market must overcome to thrive.
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WTW exploring reinsurance exec recruitment comes at a time of competitive tension in the market.
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Areas of focus should include hiring external talent, securing capital for M&A, speeding up US growth, and answering the reinsurance question.
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The fallout from Coutts’ cancellation of Nigel Farage as a client provides useful lessons as companies adopt bolder stances around issues such as social justice and climate change.
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The issues have put a spotlight on partial collateralisation, the leverage of the fronts, and the challenges of assigning responsibility.
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The Corporation has had to navigate challenging trade-offs around its succession planning.
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It didn’t take long after the Validus-RenRe deal for the next possible reinsurance consolidation target to emerge.
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Cancellations of music events due to performers’ mental health conditions is one of the issues, alongside strikes and the energy crisis, which are challenging contingency underwriters.