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Ceding commissions are not falling as reinsurers look to capitalise on insurers' re-underwriting. -
The Lloyd’s CEO said it was not for business to set the tone on climate, as the Corporation laid out its first ESG report.
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Insure Our Future said Lloyd’s proposals were a step in the right direction, but must be implemented faster.
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Fellow founder Will Thorne will take over the leadership responsibilities and manage its second fund.
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The CEO called reinsurance an incumbents’ market, despite the influx of new capital.
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Regulators, investors and activists are monitoring the (re)insurance sector increasingly closely.
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California blazes including the Glass Fire have driven up the estimate considerably since September.
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Natural catastrophe losses were up 40% year-on-year to $76bn, 7% above the 10-year average.
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The search for yield is back on, raising questions over how long the market uptick will last.
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The legacy transaction is the first undertaken by The Carrick Group since it was launched last year.
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The client tool will provide real-time data on pricing, profits and claims.
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The local Organising Committee expects to receive around 50bn yen ($481mn) for the initial delay.
