Too big to fail?Yesterday morning brought home a series of ugly flashbacks from the financial crisis of 2008-09.
Opening the floodgates?A court ruling on the first proposed IBT in Oklahoma could lead to a surge of activity in the $350bn US legacy market…
Wanted: A Lloyd’s man* for all seasonsWhoever succeeds Jon Hancock will become only the fourth head of Lloyd’s underwriting performance.
Rough ride in auto continuesHallmark Financial’s announced exit from binding primary auto business demonstrates the long road to recovery that many underwriters face before the issue of claims severity disappears in the rear-view mirror.
Pool Re cast in government net: what next?Earlier today, it was announced the UK terrorism mutual, Pool Re, is to fall under government supervision following classification by The Office for National Statistics (ONS) that it is a public body.
All about the floatUnderwriting profits in 16 out of the last 17 years and insurance investment income continue to generate float at Berkshire Hathaway.
Japan and Florida: A tail of two markets (reprise)Last year when the The Insurer covered the mid-year wind renewals we commented that the influence of adverse development on “short-tail” wind risk was proving to be a common theme in Japanese and Florida. Eleven months later and on the face of it not much has changed at all.
The FCA on the London market: a curious critiqueAnother year, another report from the UK regulator the Financial Conduct Authority (FCA) on the state of the country’s financial services sector, examining the ways in which the financial environment is changing and the impact of these changes on market effectiveness.
AIG points to mounting D&O and R&W pressures…If public D&O was the canary in the coalmine for financial lines underwriters, then evidence in recent days suggests that loss trends are now accelerating in other classes within the segment.
Acrisure on the SME revolutionary road…Changes at retail agent consolidator Acrisure which include a focus on cutting costs from the SME insurance transaction raise some intriguing possibilities…
A brave new world for Australia’s insurers?IAG’s recent uplift of its perils assumptions suggests not so much a revision as a recalibration in response to weather-related claims in Australia.
RE vs RNR: A capital contrastYesterday, Everest Re shares performed strongly in response to consensus-beating Q4 results, nudging up 2 percent to a new all-time high.
The multiplier effectThe news flow out of Florida so far this year has highlighted mounting pressures on homeowners carriers. But momentum behind legislation to tackle soaring attorneys fees could bring some welcome respite…
Covéa’s $9bn PartnerRe pitch prices out obvious rivalsIn 2019, the global M&A carousel temporarily slowed when it came to big cross-border (re)insurance transactions.
Tort bounce for fragile stocksThere was strong performance in US insurance stocks led by Chubb and Markel yesterday after incrementally positive news on reserves and loss trends helped boost investor confidence.
Flight to qualityNews of a significant fundraise by RenRe’s managed third party capital vehicles in Q4 and at 1.1 is no surprise.
Brokers toil on the mean streets of market changeThe momentum of broad price increases that have taken hold in the commercial insurance market has inevitably been a dominant theme in the fourth quarter earnings season.