Reinsurance Demand Rises, Along with Flight to Quality, Say Industry Experts September 28, 2020 By L.S. Howard Not only has reinsurance buying increased, but there also has been a flight to quality reinsurers by ceding insurance companies,...
Independent Brokers Will Remain Competitive by Adding Value to the Value Chain September 23, 2020 By L.S. Howard The COVID-19 crisis has highlighted the need for brokers to add value to the insurance transaction, according to Toby Esser,...
Catastrophe Losses Driven Higher by Secondary Perils – And Climate Change September 23, 2020 By L.S. Howard Secondary perils, exacerbated by climate change, are driving catastrophe insurance losses, warn a growing chorus of reinsurers and brokers. Indeed,...
How Insurance Industry Might Respond if a Pandemic Is an Act of Terror September 21, 2020 By L.S. Howard Imagine a scenario where COVID-19 was manufactured in a lab and was released as an act of terror. Tracey Gibbons,...
Social Inflation, Low Interest Rates, Rising Catastrophes: Recipe for a Hard Market September 21, 2020 By L.S. Howard Even before the coronavirus crisis hit, the reinsurance industry was in a period of significant rate hardening, which will likely...
What Is the No. 1 Emerging Litigation Risk? ‘Forever Chemicals,’ Says Praedicat September 17, 2020 By L.S. Howard The top emerging litigation risk identified for the year ahead is PFAS, the so-called “forever chemicals” used in a wide...
Casualty Reinsurance Demand Rises in N. America Despite Hardening Primary Rates September 16, 2020 By L.S. Howard Although there is a significant market correction taking place in the North American liability insurance market, demand for casualty reinsurance...
COVID-19 Crisis Reveals Contract Clarity Lessons, Digital Opportunities: Flandro September 15, 2020 By L.S. Howard In every crisis, lessons must be learned, but opportunities also are revealed. And so it goes with the COVID-19, which...
Reinsurers Enter January Renewals, Focusing on Underwriting Discipline: Carpenter, Aon September 14, 2020 By L.S. Howard Economic uncertainty and volatility, in combination with COVID-19-related losses, is leading to a heightened level of cautiousness among property reinsurers...
Lloyd’s Underlying Underwriting Results See ‘Huge Improvement’ Despite COVID Losses September 11, 2020 By L.S. Howard While Lloyd’s overall results in the second half were hit by £2.4 billion ($3.12 billion) of COVID-19 claims, the market’s...