September 2017/4

Lloyd's syndicates have emerged as the largest writer of non-life reinsurance in Puerto Rico, analysis from The Insurance Insider has shown.

Hurricane Maria promises to bring a significant commercial loss that will impact some of the industry's major international players, but the Puerto Rican domestic market is dominated by a cadre of relatively small local carriers that buy a significant amount of reinsurance.

US wholesale broking giant CRC Insurance Services has cut its panel of London market wholesale intermediaries to a small handful, The Insurance Insider understands.

Sometimes I think the reinsurance market is like an old prize fighter reduced to being an attraction at a travelling fair.

AIR Worldwide's $40bn-$85bn insured loss range for Hurricane Maria provides further evidence - as if it were needed - of the capacity of the 2017 hurricane season to surprise.

As carriers and their reinsurers continue to piece together the claims picture from Harvey and Irma, anecdotal evidence is beginning to point to significant losses emerging from the larger coastal MGAs.