Climate Change Poses Much Greater Existential Risk for the World Than COVID-19 December 18, 2020 By L.S. Howard Similar to the COVID-19 pandemic, climate change ultimately will be managed by “bending the curve” of temperature rises and greenhouse...
Lloyd’s Moves to End Insurance and Investments in Coal for Climate Sustainability December 17, 2020 By L.S. Howard The Lloyd’s market is moving to end its insurance of coal and oil sands businesses while at the same time...
New Capital Entering Market Unlikely to Quickly Soften Rates: Vantage Risk CEO December 11, 2020 By L.S. Howard Greg Hendrick, the CEO and co-founder of the new reinsurance and insurance company Vantage Risk isn’t too concerned about the...
Global Reinsurance Sector Receives ‘Stable’ Market Outlook as Rates Keep Hardening December 8, 2020 By L.S. Howard The outlook of the global reinsurance sector is “stable,” which is mainly a reflection of hardening pricing conditions and tighter...
Pace of Broker Acquisitions Picks Up in 2nd Half, After COVID-Linked Lull in Q2 November 19, 2020 By L.S. Howard Insurance brokers have stepped up their acquisition pace in the second half of 2020 after a pause in the second...
Arch Capital to Buy Watford for $700M in Cash, with Support from Former Rival Enstar November 3, 2020 By L.S. Howard Arch Capital Group Ltd. and Watford Holdings Ltd. announced a revised definitive agreement under which Arch will acquire all of...
It Would Take P/C Insurers 150 Years to Pay COVID-19 Business Interruption Losses October 30, 2020 By L.S. Howard The world’s property/casualty insurers would have to collect business interruption insurance premiums for 150 years in order to absorb the...
Reinsurers’ Investment Strategies Offer Buffer for Low Interest Rates, Pandemic: S&P October 30, 2020 By L.S. Howard A decade of low interest rates and tough underwriting conditions has led reinsurers to cautiously invest in riskier and more...
Enstar Offers $34.50 per Share for Watford Holdings, Surpassing Arch Capital’s Bid October 20, 2020 By L.S. Howard Watford Holdings Ltd.’s board of directors announced they are considering an acquisition offer of $34.50 per share from Enstar Group...
With Tech Tools Galore, It’s an Exciting Time for Insurtech McKenzie Intelligence October 13, 2020 By L.S. Howard Advanced technological tools are making it an exciting time to be an insurtech – and an exciting time for those...