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...
Update: Aon and Willis Terminate $30B Merger; Aon to Pay $1B Break-up Fee July 26, 2021 By L.S. Howard Aon plc and Willis Towers Watson announced that the firms have agreed to terminate their $30 billion business combination agreement...
Germany’s Floods Will See ‘Sizable’ Protection Gap. Could Insurance Demand Increase? July 22, 2021 By L.S. Howard With an insured price tag of €4 billion to €5 billion (US$4.7 billion to $5.9 billion), economic losses from Germany’s...
Global P/C Industry Sees Strongest Rate Hikes in 20 Years but Inflation Headwinds Loom July 16, 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...
Daily Mail in Negotiations to Sell Catastrophe Modeling Subsidiary RMS July 12, 2021 By L.S. Howard Daily Mail and General Trust Plc (DMGT) said it is in discussions to sell its catastrophe modeling insurance unit, RMS,...