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  • Many firms bemoaned rising loss cost trends in the first quarter, with the vast majority of carriers posting deteriorations in their accident-year ex-cat loss ratios as rates fell or positive movements failed to keep pace.
  • There was an uptick in catastrophe losses in the first quarter, with severe US weather events and Cyclone Debbie generating claims greater than those initially anticipated by the market and above the same period of last year.
  • Organic growth figures posted by Marsh & McLennan Companies' (MMC) broking business ran ahead of those posted by its early-reporting smaller rivals in the first quarter after revenue increased in its international operations.
  • Bob Ikin and Tim Mullis have resigned from the Willis Re accident and health (A&H) team and will join rival broker Ed, The Insurance Insider can reveal.
  • The construction insurance sector could be in line for billions of dollars of additional premium over the next decade if the Trump administration makes good on a $1tn infrastructure plan due to be unveiled later this year.
  • Willis pilots placement platform; MGA Acquinex in pipeline; Nichols receives $8mn in severance; Fidelis retreats from M&A insurance; Willis Towers Watson hires Bernstein; Political risk top of investment agenda; Florida lawmakers step closer to AOB reform; ACR sale gains regulator backin  
  • Serious talks about Everest Re's proposed purchase of ProSight's Lloyd's platform broke down late last week amid mounting regulatory pressure from the Corporation, The Insurance Insider understands
  • Axa has begun the transfer of £600mn ($775mn) of UK disease liabilities to run-off specialist RiverStone.
  • Start-up accelerator Startupbootcamp held its annual InsurTech demo day event in London last week, with the latest cohort of new companies strutting their stuff for a packed hall of industry professionals and investors.
  • The urgency in incorporating cutting-edge technologies and changing processes was the central focus of Acord's London Forum for (re)insurance tech and transformation professionals last week.