Re/Insurance Cyber Rates Could Double Before 2023, as Attacks Skyrocket: S&P September 30, 2021 By L.S. Howard The pandemic caused economic and insured losses from cyber attacks to skyrocket, which has heightened awareness of the risk and...
Middle Market Firms Miss Out on Agents as Risk Management Resource: Survey September 27, 2021 By L.S. Howard Many middle market companies are failing to use a key risk management resource: their insurance agents and brokers. According to...
Reinsurers Face Major Claims Uncertainties, but Reap Benefits of Pricing Tailwinds September 16, 2021 By L.S. Howard A principal negative factor affecting the reinsurance industry is the large amount of claims uncertainty, but positive tailwinds are offsetting...
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...