RMS has issued the first official estimate of insured losses from the wildfires that ravaged California in early November, with a range of $9bn-$13bn for the Camp and Woolsey fires.
Marsh & McLennan Companies (MMC), which acquired JLT Group in September, has announced that the specialty divisions of Marsh and JLT are to merge to form a new entity called Marsh-JLT Specialty.
Liberty Specialty Markets (LSM) has hired Charlie Bragg from Markel International as it seeks to expand its ports and terminals offering within the firm’s marine liability team.
Lloyd’s has given approval for Aegis London’s 2019 business plan, including permission for the syndicate to grow by 5 percent in dollar terms.
Brokers love facilities, and the facultative market is no exception, but has the fac facility’s time come and gone?
For many in the market, “MGA” is a four-letter word. Poorly managed MGAs have generated a negative reputation that affects the entire MGA model.
Blockchain offers a real opportunity to significantly reduce paperwork, while also delivering improved auditability, argues Darren Wray, CEO of Fifth Step
What really drives reinsurance purchasing is a question the fac market would love to answer, so we are grateful to Willis Towers Watson for providing some background. Inside FAC takes a look
Canada’s reinsurance market shows that fac is still needed on a localised basis, David Benyon reports
Lloyd’s reputation as a specialist D&F market is under threat amid competition and underperforming classes of business
Broker facilities, new coverholders, centralised buying and consolidation of cedants have altered Italy’s facultative market, still feared in London for med-mal horror stories
Battery storage promises to be big news not only for renewable energy specialists, but for the power market as a whole. Inside FAC plugs into the network
Head of International, GC Fac
Head of open market property, Beazley
Thank you for printing this article from Inside FAC.
If you have been given this article by a subscriber, you can contact us through www.insidefac.com .
SECTOR PROFILE: Construction
Major loss after major loss pounded the construction (re)insurance sector in 2018, but don’t expect a marked improvement in conditions any time soon, writes Marcus Alcock