The reinsurance segment at Lloyd’s recorded a £9mn underwriting loss for the first half of 2019, compared with a £352mn profit in the same period last year.
Catastrophe risk modelling firm AIR Worldwide has estimated that industry insured losses from Typhoon Faxai are likely to be JPY340bn-JPY740bn ($3bn-$7bn).
Gallagher has appointed Steve Wilkinson as head of claims in its global aerospace practice, effective immediately.
RMS has pushed the average estimate for losses from Hurricane Dorian in the US and the Caribbean above previous levels, with a total loss pick of $4bn-$8bn.
It’s barely six months since the news of Aon’s proposed acquisition of Willis Towers Watson surfaced, and yet talk of another bid in the near future has persisted.
Premier League injury costs hit an all-time high last season, according to Marsh-JLT Specialty, spelling opportunity for the A&H market
With a recent rash of high-value refinery losses, the downstream sector could be approaching an inflection point, with more carriers re-thinking their risk appetites
The DRC’s liberalised insurance sector has been slow to attract foreign investment, not least due to the country’s political instability, but change is afoot
So-called ‘casino underwriting’ in the Caribbean took a double hit in 2017 when hurricanes Irma and Maria smashed into Puerto Rico just two weeks apart, writes David Benyon
While Japan can lay claim to the second-largest global economy and the fourth-largest commercial insurance market, it also has an unenviable reputation for repeated major cat losses, finds Helen Yates
New Zealand is looking to move beyond “no-go zones” as the market adjusts to a heightened view of earthquake risk and building codes come under greater scrutiny, finds Helen Yates
Contingency and product recall risks are as popular as ever as a diversification play, says Sean Farrell, but carriers need to be aware that the nature of some of these risks is changing
Markel- and Nephila-backed MGA Volante has rapidly grown its stable of underwriting platforms, but is now bedding down into ‘safe and silent’ mode, says founder Talbir Bains
Ron Diaz and Everest Re’s non-nonsense approach to facultative underwriting stresses the need to be both flexible and efficient in order to succeed in the market
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SECTOR PROFILE: Cyber
Helen Yates says a clampdown on ‘silent cyber’ spells opportunity for D&F writers – assuming adequate facultative reinsurance capacity can be found