A “statistically unusual” cyclone season and an unusually high level of natural catastrophes in Japan contributed to a higher-than-average total insured loss of $80bn in 2018, according to analysis by Munich Re.
Barbican Insurance Group has made three senior promotions at its Lloyd’s Syndicate 1955, all with immediate effect.
Aon has recruited Jonathan Conway from Willis Re as head of construction and engineering reinsurance at its Global ReSpecialty division.
The downstream energy market could be approaching a ‘Rubicon moment’ in 2019, as significant property damage (PD) and business interruption (BI) losses outstripped total premiums in 2018, according to JLT Specialty.
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
Reinsurance rates remain lacklustre despite increases in primary and retro.
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
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
Chris Carlson fills a space vacated by Cliff Hope, who left to join Lexington.
The facultative market is entering an era of growing opportunity, according to Toby Wemyss, head of Global Fac at Willis Towers Watson
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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