With a number of reinsurance facilities set to either launch or renew around year-end, a mixed picture is emerging in terms of which projects are nearing completion, with facultative facilities appearing to lag behind treaty vehicles.
International capacity being withdrawn from the Singapore (re)insurance market is quickly being replaced by capacity from domestic Chinese carriers, Inside FAC understands.
AIG’s plans with respect to facultative reinsurance spending remain in the balance as the company reiterated its commitment to “using reinsurance to support sustained profitable growth”.
Partner Re is due to close down its Dubai operation early next year, while Aspen Re is understood to have stopped underwriting facultative reinsurance business in the region last month.
With the prospect of further claims from ageing infrastructure and defective new works, a hard construction market could be more than a flash in the pan
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
With little sign of rates bottoming out in Singapore, some players are losing their nerve, finds Helen Yates. But Chinese carriers are more than happy to fill any capacity void…
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
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
The facultative market is entering an era of growing opportunity, according to Toby Wemyss, head of Global Fac at Willis Towers Watson
Head of International, GC Fac
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Sector Profile: Cannabis
With the Democrats regaining the House, more US states legalising cannabis use and Lloyd’s recently changing tack, the cannabis insurance market is poised for dramatic growth, as Marcus Alcock discovers