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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.