Geopolitical Conflict Could Cost Global Economy $14.5 Trillion Over 5 Years: Lloyd’s October 10, 2024 By L.S. Howard The global economy could be exposed to losses of US$14.5 trillion over a five-year period from the threat of a...
Munich Re Closes Down its High Net Worth MGA, GrovesJohnWestrup October 9, 2024 By L.S. Howard Munich Re has put its high-net worth managing general agent, GrovesJohnWestrup Private Clients. “A recent strategic review of our businesses...
Predictive Model Delivers Insights as Insurers, Reinsurers Brace for More Civil Unrest October 9, 2024 By L.S. Howard Executive Summary: Insurers and reinsurers are responding to heightened risks of civil unrest with better calculations of their probable maximum...
US Nuclear Verdicts Break Records and Drive Social Inflation to 7% in 2023: Report October 7, 2024 By L.S. Howard Nuclear verdicts in the United States are breaking records with 27 court cases each awarding compensation of more than $100...
Lloyd’s Focuses on Delegated Authority Arrangements as Looming Market Risk October 3, 2024 By L.S. Howard While the Lloyd’s market reported its best first-half profit in 17 years, it isn’t resting on its laurels. It is...
Central European Insurers’ Financial Strength to Remain Solid Despite Severe Floods September 25, 2024 By L.S. Howard The heavy rains and severe floods of Storm Boris, which inundated Central and Eastern Europe during the second week in...
US Nuclear Verdicts Break Records and Drive Social Inflation to 7% in 2023: Report September 11, 2024 By L.S. Howard Nuclear verdicts in the United States are breaking records with 27 court cases each awarding compensation of more than US$100...
Hard Market ‘Supercycle’ Likely to Be Prolonged: Lloyd’s CEO Neal September 6, 2024 By L.S. Howard Now that the market has achieved a first-half profit of £4.9 billion with a combined ratio of 83.7—its best interim...
Lloyd’s Reports Best H1 Underwriting Profit Since 2007, With 83.7 Combined Ratio September 5, 2024 By L.S. Howard The Lloyd’s insurance and reinsurance market reported overall profit before tax of £4.9 billion (US$6.4 billion), a 25.6% increase from...
Reinsurers’ Appetite for Natural Catastrophe Risks Grows – But Discipline Remains September 4, 2024 By L.S. Howard Top reinsurers are showing increasing – but disciplined – appetite for natural catastrophe risks as a result of rising demand,...