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ILS is ahead of the traditional market on incentives

It’s no surprise that the topic of bonuses and remuneration gets people talking. Recently my colleague Gavin Davis hit a nerve among our readers over an editorial he wrote essentially arguing that the reinsurance industry did not make anywhere near enough use of properly designed performance-based remuneration structures. Underwriting executives had insufficient skin in the game, he argued.

Fiona Robertson, 22 July 2019
UK Treasury kicks off financial services regulation review

City Minister John Glen says he wants to “step back to look at how the system is working more widely”.

Anna Sagar, 22 July 2019
Heatwave sets Wisconsin power stations ablaze

A state of emergency was declared after 12,000 residents were left without power.

John Hewitt Jones, 20 July 2019
Floridian shares fall following catastrophe announcements

UPC closed down nearly 6 percent Friday following its announcement it would absorb about $16mn in net cat losses from second quarter events.

Laura Sanicola, 20 July 2019
ILS specialist Livingston returns to Willis Towers Watson

After an almost two-year absence, Brad Livingston is rejoining the broker to focus on ILS business.

Christopher Munro, 20 July 2019
Jimcor hires RT’s Calhoun to launch energy practice

Alicia Calhoun serves as energy oil and gas practice leader and is based in a satellite office in Houston, Texas.

Laura Sanicola, 20 July 2019
Select Risk Services eyes further growth after early successes

The brokerage has placed $4mn in premium year-to-date following its launch in November 2018.

Laura Sanicola, 20 July 2019
Apollo reportedly considers bid for credit insurer Coface

The private equity firm’s reported interest comes after its acquisition of specialty insurer Aspen last year.

Bernard Goyder, 19 July 2019
CoreLogic sees private flood and wind Barry losses of $300mn to $600mn

The risk modeller estimates private market insured flood losses of less than $100mn.

Anna Sagar, 19 July 2019
Willis swoops for JLT aviation broker Alexandris

The executive is the latest senior broker to exit JLT's aerospace division following AJG’s acquisition of the business segment.

John Hewitt Jones, 19 July 2019

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