Well-performing corporates coming to market to renew their insurance could achieve rate reductions in the low single digits next year, while those operating in more challenged industry segments or exposed to certain problematic perils will face continued upwards pricing pressure.
Cyber risks and escalating geopolitical conflicts have the potential to pose investment risks and potentially ratings actions for European insurers, according to S&P Global Ratings’ Volker Kudszus.
Markel International is set to grow its premiums across Asia Pacific beyond $200mn this year as the carrier continues its expansion in the region.
The role of political risk and credit insurance in addressing climate change and nature loss is increasingly being demonstrated through sovereign debt conversions in developing nations, as seen in the most recent Nature Bonds project in The Bahamas, Axa XL’s Stuart Barrowcliff has argued.
Aon’s new cyber analyzer, suggesting the tool will drive differentiated placement outcomes, give clients a deeper view of their cyber risk, and has the potential to drive new client wins, according to the broker’s Christian Hoffman.
Asia is a leading provider of key crops such as rice and wheat but insurance availability across the continent is struggling to keep pace with rising exposures.
Fidelis Insurance Group’s CEO Dan Burrows has touted his firm’s 25 percent third quarter written premium growth and high-80s combined ratio, and said the (re)insurer capitalises on profitable growth opportunities in dislocated markets by “working harder”.
As the increasing commercial scale of offshore energy projects begins to test market capacity, the insurance sector must better recognise clients that traverse traditional power and marine silos in order to provide bespoke coverage, according to Lockton’s Jack Swift.
Swiss Re Corporate Solutions’ turnaround is largely complete with the company positioned for growth across much of its portfolio and a particular emphasis on further expansion in the alternative risk transfer (ART) and international programs segments, CEO Ivan Gonzalez has told
Zywave senior vice president Jeff Cohen has commented that the insurance software provider’s Cyber Quoting platform aims to address a significant gap in the industry: the need for better broker education to drive premium growth.