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London ILS products ‘not reliant on single market’
A project to attract more insurance-linked securities (ILS) transactions to London should not be held up by the Brexit vote, according to Malcolm Newman, sponsor of the London Market Group (LMG)'s ILS Working Group.
27 June 2016
AOB crisis sends Citizens rates up 6.8%
The assignment of benefits (AOB) crisis that impacted negotiations at the 1 June Florida reinsurance renewal has helped drive 6.8 percent rate increases at state-backed carrier Citizens for 2017.
27 June 2016
Sirius looks to expand with BDA reinsurance subsidiary
Sirius appears to be laying the foundations for further expansion with the conversion of its Bermuda branch to a separately capitalised operating subsidiary.
27 June 2016
Legal bedlam greets insurers following Brexit vote
The legal ramifications of the UK's vote last week (23 June) to leave the European Union (EU) are likely to severely impact insurers, as companies face a legislative quagmire and loss of access to the single market.
27 June 2016
Brexit to hit solvency ratios and portfolios
The economic fallout of the "Brexit vote" on 23 June is likely to result in a 10 percent decline to European carriers' solvency ratios and a sizeable impact on investment portfolios.
27 June 2016
Insurers to withstand Brexit volatility
Rating agencies have agreed the impact of a UK exit from the European Union (EU) will be limited for European insurers, despite the credit implications for the broader economy.
27 June 2016
CEA saves after multi-year renewals
The California Earthquake Authority (CEA) managed to expand its traditional reinsurance programme by more than $400mn to $4.51bn in the January and April renewals for less premium than it paid in 2015.
27 June 2016
Populism, pragmatism, passporting and profit
Don't misprice risk just because everyone else is doing it
27 June 2016
Cooper Gay moves to address cost base and spin off LatAm
Cooper Gay is looking set to make 70 of its 400 London-based staff redundant and is close to spinning off its Latin American operations, as new CEO Steve Hearn continues to implement radical changes to turn around the broking outfit.
27 June 2016
Gibraltar market facing domicile move after Brexit: CBL
Gibraltarian carriers are facing a domicile shift as the local market will not be able to sustain their operations following the UK's vote to leave the European Union (EU), according to CBL
27 June 2016
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