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Lloyd’s expense ratio falls and rates rise as turnaround takes hold
A lower underwriting result belies improving fundamentals after unprofitable lines fall away.
Rachel Dalton
,
18 September 2019
Jebi has taught cedants, reinsurers and modelling firms some hard lessons
Insured loss estimates given in the fortnight following Typhoon Jebi last year were low. AIR gave a range of $2.3bn-$4.5bn and RMS predicted $5.5bn.
Rachel Dalton
,
18 September 2019
Investment income propels Lloyd's H1 profit
The combined ratio deteriorates to 98.8 percent though the market improves its expense ratio.
Rachel Dalton
,
18 September 2019
Lloyd’s Sansom becomes permanent CRO while Andrews exits
The interim CRO’s role is formalised as the chief people officer ends a four-year tenure.
Rachel Dalton
,
18 September 2019
Tropical Storm Imelda ‘likely to produce flash floods’ in Houston
Houston is uniquely vulnerable to flooding and was devastated by Hurricane Harvey in 2017.
Bernard Goyder
,
18 September 2019
Watford Re lines up capacity behind XPT commercial auto programs
XPT describes the business written as “the best of the high-risk accounts”.
Bernard Goyder
,
18 September 2019
Automation alone will not cut marine claims: AGCS consultant
A group of marine experts warned that new technology is not a panacea for insurers and shipowners seeking to cut costs.
John Hewitt Jones
,
18 September 2019
Axa XL recruits Moeller for US political risk practice
Edward Moeller has returned to the market after a stint with the federal government.
Bernard Goyder
,
17 September 2019
Munich Re-backed InsurTech Vouch raises $24.5mn
Vouch has raised money from Silicon Valley Bank to sell insurance to other startups.
Bernard Goyder
,
17 September 2019
Cargo premiums failing to match exposure: Iumi
Broad cargo coverage is failing to match premium volume, Munich Re’s Sean Dalton said at Iumi’s conference.
Christopher Munro
,
17 September 2019
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