Marsh & McLennan Companies (MMC) has announced that its insurance and reinsurance broking subsidiaries Marsh and Guy Carpenter will combine their Latin American facultative reinsurance operations with those of recently-acquired Jardine Lloyd Thompson Group (JLT).
Stephen Catlin has hired Mike Hansen from Allianz Global Corporate & Specialty (AGCS) to lead the aviation division of his new (re)insurance start-up, Convex.
Specialist carrier Markel International has hired Lee Zong Wen from JLT as an assistant underwriter in its trade credit and political risk team in Singapore.
The total loss of the Intelsat-29e communications satellite, which was announced by the company last week (18 April), will not have an impact on the space (re)insurance market, Inside FAC understands.
Marsh-JLT Specialty suggests movement on upstream energy rates is likely to be slight in 2019, but could the “gentle market upswing” described by Willis Towers Watson turn into a full-blooded push-back?
The offshore wind sector appears to be entering a new stage of its development as a number of countries seek to reduce their carbon emissions from conventional power generation via renewable sources of energy.
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?
Eight years on from the Thai floods, property reinsurance rates on line have slid in a market characterised by overcapacity and short memories, finds Helen Yates
Despite political and economic problems, growing litigiousness, and a rising claims environment, South Africa retains a cordial, if arm’s-length, relationship with the London market, finds David Benyon
Climate change is a major challenge for the Australian D&F (re)insurance sector, writes Helen Yates
In recent years, the London PI market has been as soft as a blancmange. With losses mounting and capacity finally slimming, Marcus Alcock wonders if 2019 will see an end to the wobbles
The insurance market supertanker is slowly changing course, but more innovation and less duplication is needed to keep Lloyd’s relevant, argues Munich Re Syndicate’s Dominick Hoare
While facultative submissions are rising, Arch Re Fac’s Santiago Hernandez is aware that buyers’ risk perception can be a fickle thing. All the more reason to have cut back wildfire exposures early…
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Sector profile: A&H
As capacity has bled from the A&H market in the wake of difficult conditions, those still writing the class are cautious about diagnosing a rapid recovery, finds Marcus Alcock