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AJ Gallagher places embargo on London wholesalers

AJ Gallagher has launched an initiative that aims to cut off trading relationships with third-party wholesale brokers in the London market, The Insurance Insider can reveal

Adam McNestrie, 06 December 2017
Cat loss pressure opens way for InsurTech: Nephila

This year’s cat losses have put pressure on (re)insurer margins and that could build momentum for using technology to squeeze out operational inefficiencies, according to Nephila managing partner Barney Schauble.

David Bull, 06 December 2017
Navigators stock drops after KBW cuts rating

Navigators shares dropped over 8 percent in New York trading today after Keefe, Bruyette & Woods lowered its rating on the stock to underperform, citing several factors at the specialty carrier.

Ted Bunker, 06 December 2017
InsurTech trails FinTech pace: CoverWallet CEO

While InsurTech activity is booming, firms operating in the space are lagging five years behind the pace of the broader FinTech sector, according to CoverWallet CEO Inaki Berenguer.

Dan Ascher, 06 December 2017
InsurTech nears do-or-die inflection point: Lightbank

The market for InsurTech firms is reaching an inflection point that could lead to some high-profile failures while others sprint toward becoming sustainable ventures, according to Lightbank principal Rick Zullo.

Dan Ascher, 06 December 2017
California fire losses top $9bn as new blazes hit LA

The California wine country wildfires in October left at least $9bn in insured losses, the state’s industry regulator said today as a fresh set of fires raged in the Los Angeles area.

Ted Bunker, 06 December 2017
AIR slashes Maria estimate to $27bn-$48bn

AIR Worldwide has significantly lowered its range of loss estimates for Hurricane Maria to $27bn-$48bn, The Insurance Insider understands.

David Bull, 06 December 2017
Florida Citizens wins double-digit wind rate hikes

Florida’s state-controlled Citizens won double-digit wind-only hikes for next year as regulators set the carrier’s rates today, mandating increases of as much as 10.1 percent.

Ted Bunker, 06 December 2017
InsurTech investment stays flat at $1.1bn this year

Investment in InsurTech ventures is set to remain roughly flat at near $1.1bn this year while the focus of funding could change, according to Andrew Robinson, executive in residence of venture investing firm Oak HC/FT.

Dan Ascher, 06 December 2017
‘Beazley Beta’ points to possible future of London market

Beazley has presented a possible picture of Lloyd's future in which the largest players "stock pick" on behalf of equity investors, while managing an optimised index strategy for ILS investors.

Adam McNestrie, 05 December 2017

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