UK Personal Lines Insurers Adjust to New Pricing Rules. Is Premium Volatility Ahead? January 6, 2022 By L.S. Howard UK insurers are adjusting to new pricing rules for personal motor and household premiums, which could bring some pricing volatility...
Many Re/Insurance Buyers Are ‘Frustrated’ With Multiple Years of Price Rises January 5, 2022 By L.S. Howard Frustration is setting in for commercial insurance buyers subjected to multiple years of price rises, especially those that have improved...
Top 10 International Insurance Journal Stories of 2021 December 30, 2021 By L.S. Howard For the third consecutive year, the tale of Aon’s on-again, off-again bid to acquire Willis Towers Watson dominated international stories...
Found in Space: How Skytek Tracks Supply Chain Risks—and More December 29, 2021 By L.S. Howard Oil spills, port explosions, blockages in the Suez Canal and supply chain risks. These are just some of the events...
Artful Mosaic Insurance Creates Global Agility for Specialty Startup December 16, 2021 By L.S. Howard Mosaic Insurance, the Bermuda-headquartered startup and Lloyd’s specialty insurer, operates with a unique structural twist. Its hybrid model has the...
Gallagher Completes $3.25B Purchase of Willis’ Treaty Reinsurance Brokerage Business December 1, 2021 By L.S. Howard Arthur J. Gallagher & Co. announced it has completed the $3.25 billion acquisition of nearly all of the treaty reinsurance...
Reinsurance Pricing Technology That Works During Hard and Soft Markets November 9, 2021 By L.S. Howard Sean Bourgeois, the chief executive officer of Tremor, often hears people say that his company’s reinsurance price optimization technology works...
Why Reinsurance Prices Are Wrong—and How to Fix Them November 9, 2021 By L.S. Howard Each reinsurance renewal season sees brokers feverishly chasing down the best premium prices in the market. Frequently, when the panel...
Business Interruption, Recovery Costs Drive Financial Losses From Cyber Attacks: Report November 1, 2021 By L.S. Howard During the COVID-19 crisis, global cyber attacks skyrocketed in a digital pandemic driven by ransomware, according to a report published...
As Strikes, Riots and Civil Commotion Risks Increase, Insurers Respond With Exclusions October 27, 2021 By L.S. Howard Insurers traditionally have offered protection against strikes, riots and civil commotion (SRCC) at no extra cost, but the increased frequency...