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...
Insurance Industry Told to Expect Global Average Annual Disaster Loss of $106B: AIR October 26, 2021 By L.S. Howard The global insurance industry can currently expect a long-run annual average loss of $106 billion and a greater than a...
U.S. Insurers’ Face ‘Minimal Exposure’ in China’s Evergrande Property Crisis October 18, 2021 By L.S. Howard The U.S. insurance industry faces only minimal exposure to land development companies in China as one of that country’s largest...
Global Construction Industry Faces Climate Change Challenges, Opportunities: Marsh October 18, 2021 By L.S. Howard By L.S. Howard Climate change and the race to net zero greenhouse gas emissions (net zero) are arguably the greatest...
MGAs Can Build Broker Relationships – Even in a Hard Market: Aston Lark’s CEO October 15, 2021 By L.S. Howard How can managing general agents build broker relationships during a hardening market when insurers have much less incentive to provide...