P/C Reinsurers Maintain Underwriting Discipline, Despite Rising Capacity: Guy Carpenter September 10, 2021 By L.S. Howard Property and casualty reinsurers have displayed underwriting discipline during this year’s renewals, continuing with rate corrections that began several years...
A 9/11 Remembrance From Former Carpenter Chairman Newhouse September 10, 2021 By L.S. Howard In remembrance of the 20th anniversary of the Sept. 11, 2001 terrorist attacks, we are republishing an August 2018 article,...
Lloyd’s Reports H1 2021 Profit of £1.4B ($1.9B), with 92.2% Combined Ratio September 9, 2021 By L.S. Howard Lloyd’s of London reported pre-tax profit of £1.4 billion (US$1.9 billion) for the first half of 2021, compared to a...
Global Reinsurers Shoulder ‘Considerable Burden’ of COVID-19 Claims September 9, 2021 By L.S. Howard Global life and non-life insurance and reinsurance COVID-19 claims are approaching $50 billion, which has had a significant burden on...
Global P/C Premiums Likely to Double by 2040, but Motor Growth Will Slow: Swiss Re September 8, 2021 By L.S. Howard Global property/casualty premiums are expected to more than double to US$4.3 trillion in 2040 from US$1.8 trillion in 2020 –...
High Net Worth — with a Technological Twist; Munich Re’s Groves, John & Westrup Expands into Private Client Sector August 16, 2021 By L.S. Howard Groves, John & Westrup Ltd. has been a coverholder for Munich Re’s Lloyd’s syndicate for decades, writing marine, pleasure boat...
While Aon and Willis Were Focused on Merger, Marsh Attracted Producer Talent August 5, 2021 By L.S. Howard While Aon and Willis Towers Watson were trying for many months to land their merger, their competitors were able lure...
Global P/C Industry Sees Strongest Rate Hikes in 20 Years but Inflation Headwinds Loom August 2, 2021 By L.S. Howard Robust global economic recovery, higher risk awareness and the strongest rate hardening for 20 years in non-life insurance commercial lines...
Reinsurers Show Strong Profits During 2nd Half, Rebounding from 2020’s Challenges July 30, 2021 By L.S. Howard The first half financial results, reported by a group of six reinsurers over the past week, generally show a strong...
Arthur J. Gallagher Ends $3.6B Deal to Buy Willis Re, After Aon-Willis Merger Scrapped July 27, 2021 By L.S. Howard Arthur J. Gallagher & Co. announced it has terminated its May 12, 2021 agreement to acquire Willis Re and certain...