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Bank of England calls for laws on insurance contracts
The Bank of England has called for UK and EU legislation to safeguard existing cross-border insurance and derivatives contracts to avoid problems paying claims post-Brexit.
Laura Board
,
28 November 2017
Munich Re’s Ergo launches commercial insurer
Munich Re's Ergo launches commercial insurer Munich Re primary carrier Ergo Group is pushing into middle market commercial insurance through the launch of Poland-based Ergo International Corporate Solutions (EICS)
Laura Board
,
28 November 2017
AGCS builds out UK cyber team
Allianz Global Corporate & Specialty (AGCS) has promoted Yogesh "Yogi" Virji to lead its UK cyber team while hiring an additional underwriter from Principia Underwriting.
Catrin Shi
,
28 November 2017
International PI market calls time on decade of softening
Rising claims severity and more than a decade of compounding rate reductions have led carriers in the international professional indemnity (PI) market to reassess their involvement in the class and demand price increases at renewal.
Catrin Shi
,
28 November 2017
Opinion: Aviation pricing
Airline insurers are having a better renewal than they have had for a long time. Composite rates are probably up a few points in the aggregate and lead premium is higher too if you squint at it.
Adam McNestrie
,
28 November 2017
US casualty reinsurance shifts up ahead of 1.1
As US casualty treaty market negotiations continue in the build-up to 1 January there is growing evidence that a number of leading reinsurers are exerting downwards pressure on ceding commissions that could drive a shift in pricing dynamics.
David Bull
,
28 November 2017
Opinion: The march of the Canadians
The slow encroachment of the Canadian pension funds into (re)insurance is one of the phenomena of the prevailing low interest rate environment.
Adam McNestrie
,
28 November 2017
Aviation market sees glimmer of a premium rise
After 15 years of downward pricing pressure, underwriters in the airline market finally secured a 3 to 5 percent increase in lead premiums in the key fourth quarter renewals, The Insurance Insider understands.
Adam McNestrie
,
28 November 2017
Ascot Re $1bn investment signals CPPIB intentions
The Canada Pension Plan Investment Board (CPPIB)'s backing of Bermudian reinsurer Ascot Re is a further $1bn commitment to the (re)insurance industry by the pension fund.
Catrin Shi
,
28 November 2017
Harder rates will not ease London market pressures: Fitch
An expected hardening in (re)insurance pricing may not be enough to offset pressure from high expenses and lower reserve releases at London market carriers, Fitch Ratings has warned.
Catrin Shi
,
28 November 2017
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