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Aviation insurers fear IT failure: report

Aviation industry executives have named failure of critical IT systems as the risk which most concerns them, according to a report from Willis Towers Watson.

Matthew Neill, 04 October 2016
Claims should be made Tom priority: Jardine

Claims management is not high enough on the agenda of priorities for the London market's Target Operating Model (Tom), XL Catlin chief experience officer Paul Jardine has claimed.

Catrin Shi, 04 October 2016
A postcard from Namic

The North American mutual market is a paradoxical place - ripe for disruption and afflicted by a creeping cost base, but still reluctant to change.

Dan Ascher, 04 October 2016
Greenberg faces finite reinsurance inquisition

In a momentous hearing at New York's Supreme Court, Maurice "Hank" Greenberg has taken the stand to give evidence in a decade-old suit accusing the 91-year-old executive of fraud.

Dan Ascher, 04 October 2016
Jubilee FPSO loss reveals overcapacity issue

The contrasting reactions to the damage to the Kwame Nkrumah floating production storage and offloading (FPSO) vessel in June this year and the Gryphon North Sea FPSO loss of 2011 show the extent to which overcapacity is dictating the market's moves.

Matthew Neill, 04 October 2016
Energy surplus capacity ‘defying logic’: JLT

The energy market is likely to continue softening into 2017 as huge overcapacity bears down on rates, according to JLT.

Matthew Neill, 04 October 2016
HCC exits builders’ risk

Tokio Marine HCC has exited the US builders' risk market in a demonstration of the extremely soft pricing conditions being experienced in the business line, The Insurance Insider can reveal.

David Bull, 04 October 2016
E&S property merry-go-round spins at Napslo convention

A string of property moves between several E&S carriers added intrigue to the otherwise gloomy tone of meetings for underwriters at the Napslo annual convention in Atlanta last week.

David Bull, 04 October 2016
Insider View: Capacity abundant… talent short?

For all the talk at Napslo meetings of underwriting pain in the depths of the soft market, the gossip at the bar was dominated by tales of company-swapping in the E&S property sector.

David Bull, 04 October 2016
Soft market cuts E&S property margins to the bone

Underwriters worn down by almost three-and-a-half years of significant rate softening in the excess and surplus lines (E&S) property space are beginning to talk about walking away from business, as margins approach unsustainable levels.

David Bull, 04 October 2016

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