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MIB members gain vote on vehicle terror attack liability

The Motor Insurers' Bureau (MIB) is to ballot its members about whether to put claims resulting from vehicles being used in terrorist attacks back into the industry pool from next year.

Laura Board, 17 April 2018
USAA seeks $175mn from Residential Re cat bond

USAA has launched the $175mn Residential Re 2018-1 cat bond, which will provide US multi-peril cover, sister publication Trading Risk reported.

Adam McNestrie, 17 April 2018
Tight ILS pricing strains Florida renewal

Tumbling cat bond prices continue to exert pressure on the wider reinsurance market and are likely to curb rate increases at the upcoming Florida renewal.

Fiona Robertson, 17 April 2018
ILWs on watch as Harvey losses rise

PCS has increased its loss number for Hurricane Harvey to $17.1bn from $15.7bn, according to Trading Risk sources.

Sofia Geraghty, 17 April 2018
US P&C reserves deficit widens to $4.3bn: Morgan Stanley

The US P&C industry's reserving deficit deepened to $4.3bn in 2017, according to research from Morgan Stanley.

Catrin Shi, 17 April 2018
Multiple cat event years to become new norm: Swiss Re

Last year was the worst on record for catastrophe losses, but (re)insurers must be prepared for the possibility of more frequent multiple-disaster years in future, according to a Swiss Re report.

Rachel Dalton, 17 April 2018
Reinsurance capital continues to creep upwards: Aon Benfield

Global reinsurance capital continued to rise in 2017 as alternative capital funds reloaded, according to Aon Benfield.

Bernard Goyder, 17 April 2018
Post-HIM market reveals selective underwriting approach: Willis

There is growing evidence that upwards pricing momentum for US commercial property insurance is already waning, even as underwriters continue to digest record-breaking 2017 cat losses.

Adam McNestrie, 17 April 2018
US D&O risks face capacity crunch as losses spook underwriters

Higher loss experience and increasing levels of litigation have led to restricted capacity for US directors' and officers' risks.

Catrin Shi, 17 April 2018
Aviation rates make ground at 1.4

Pricing on loss-free airline all-risk accounts showed muted upward movement at the 1 April renewals amid continued overcapacity and an uptick in claims.

John Hewitt Jones, 17 April 2018

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