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Brit becomes latest Lloyd’s carrier to exit engineering

The insurer follows Beazley, CNA Hardy and Talbot in halting construction underwriting.

Bernard Goyder, 13 December 2018
After a difficult few months, the London market has the opportunity to preserve its status as the home of top-flight underwriting

And so, the Lloyd’s market can finally draw a line under what has been a gruelling few months of performance review and forward planning.

Catrin Shi, 13 December 2018
US cedants test resolve of reinsurers with flattish cat terms

Evidence of a retro-driven spike in cat reinsurance pricing has so far failed to materialise.

Adam McNestrie, 13 December 2018
London market DA SATS system sees 100% take-up

An additional 88 brokers have also signed up to the delegated authority platform.

Catrin Shi, 13 December 2018
L&G mulls sale of GI operations: report

The unit could fetch as much as £300mn in a sale, Sky News reported.

Catrin Shi, 13 December 2018
AOB abuse inflates costs for Florida policyholders: III

So far this year, nearly 135,000 assignment of benefits lawsuits have been filed in Florida.

Marissa Page, 13 December 2018
California insurance regulator reports $9bn in wildfire losses

The state regulator released preliminary insured loss data, showing most losses coming from the historically destructive Camp Fire.

Marissa Page, 13 December 2018
S&P revises Axis outlook up to stable

Some 18 months after Axis saw its outlook dropped to negative, it has now returned to stable.

Christopher Munro, 13 December 2018
AM Best drops Mercury Casualty to A after wildfire hit

Mercury Casualty's ratings have been cut from A+ to A, a move which reflects the company's significant market concentration in California.

Marissa Page, 12 December 2018
US property insurance market set for stable 1.1 renewal

In loss affected areas of the US, rates are projected to increase in the low single digits.

Laura Sanicola, 12 December 2018

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