Carriers in the bloodstock/livestock and contingency markets are unlikely to see claims from the equine flu outbreak that brought UK horse racing to a standstill for nearly a week, Inside FAC has learned.
More London market underwriters have decided to withdraw their capacity from Mexican (re)insurance business as the mismatch between rating and underlying risks continues to disappoint carriers.
The fire that destroyed a warehouse belonging to online supermarket Ocado is expected to be a £100mn ($128mn) loss to the firm’s property programme, Inside FAC understands.
Standard Club has set aside its plan to set up an MGA in place of its now-defunct Lloyd’s syndicate, sister publication The Insurance Insider has learned.
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
Climate change is a major challenge for the Australian D&F (re)insurance sector, writes Helen Yates
It’s been a tough time for the Mexican fac market of late, with the promised land of harder pricing failing to materialise despite a spate of sustained losses. Marcus Alcock investigates
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…
Modelling cat risk for renewable energy projects came unstuck with recent hurricanes, finds David Benyon, but the nascent battery storage sector poses some altogether different challenges for (re)insurers…
As the property D&F market begins to get its discipline back, Antares’ Conor Finn says the firm’s binder portfolio has enabled it to provide deeper long-term relationships with clients
The fac market is at ‘a great moment’, says Swiss Re’s Beat Strebel, and should take full advantage with greater innovation and proactivity
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Sector profile: Financial lines
Australian freefall, rate on line revisions, over-capacity, #Metoo… there’s hardly a dull moment in the financial lines market, as Marcus Alcock discovers