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Illinois poised to create workers’ comp fund
Illinois, a state with $11bn in unpaid bills, may be on the verge of creating the first state-financed workers' compensation insurance system to be set up in decades.
Ted Bunker
,
27 June 2017
Digest
Icat gets multiple offers; Aston Scott nears Lark deal; R&Q sells managing agency; Mitchell joins MS Amlin; Allianz to book loss on bank sale; Anthem data breach settlement; KIRS formed as pair of M&A deals complete; ABI flammable cladding warning; US cyber premiums rise 35%; Kaikoura quake claims double
Catrin Shi
,
27 June 2017
D&O market could face Barclays fraud claim
Any insurance claim stemming from the fraud allegations faced by UK banking giant Barclays would probably fall to the London directors' and officers' (D&O) market, The Insurance Insider understands.
Catrin Shi
,
27 June 2017
D&O market could face Barclays fraud claim
Any insurance claim stemming from the fraud allegations faced by UK banking giant Barclays would probably fall to the London directors' and officers' (D&O) market, The Insurance Insider understands.
Catrin Shi
,
27 June 2017
Texas underwriting results highlight auto woes
Statutory data for the Texas personal auto market has provided strong evidence of the challenging conditions facing carriers in the space, which are also driving a number of reinsurers away from the business.
David Bull
,
27 June 2017
Reinsurers fight to limit reductions to 5% in LatAm renewal
The key 1 July renewal for the Latin American market is expected to go down to the wire in what one underwriter described as a "schizophrenic" market.
Dan Ascher
,
27 June 2017
Late cycle MGA gold rush continues with Long start-up
The juggernaut of London market MGA formation is showing no signs of slowing with the news that Aspen Re's former London head Stefan Long is working on a start-up in conjunction with Martin Reith's Neon.
Adam McNestrie
,
27 June 2017
(Re)insurers sue El Faro data provider for $49mn
Several Lloyd's and US (re)insurers have launched a $49mn legal action against Norwegian weather data provider StormGeo alleging defective read-outs from its system contributed to the sinking of the El Faro in 2015, according to court documents.
Matthew Neill
,
27 June 2017
JLT signals intention to roll out SMB in London
JLT Specialty, one of the biggest producers to the London market, has informed carriers that it intends to impose subscription market brokerage (SMB) on classes of business where placements are syndicated, The Insurance Insider has learned.
Adam McNestrie
,
27 June 2017
If it is broke, fix it
It turns out that markets aren't broken after all
Mark Geoghegan
,
27 June 2017
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