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...
Social Inflation, Low Interest Rates, Rising Catastrophes: Recipe for a Hard Market September 9, 2020 By L.S. Howard Even before the coronavirus crisis hit, the re/insurance industry was in a period of significant rate hardening, which will likely...
QBE CEO Regan Exits After Investigation Into Female Employee’s Complaint September 1, 2020 By L.S. Howard QBE Insurance Group’s Chief Executive Officer Pat Regan is departing the insurer after an external investigation found his workplace communications...
Swiss Re Builds Risk Scoring System, Aiming to Reward Safe Cars with Lower Premiums August 14, 2020 By L.S. Howard A car owner should be able to pay lower insurance premiums for driving a car with safety features, such as...
Not Every Insurtech Is a Startup: How Swiss Re Delivers Tech Solutions August 14, 2020 By L.S. Howard It’s not just insurtech startups that have an edge on innovation. Some established reinsurers have developed their own analytics and...
Global Natural Catastrophe Losses During H1 Ranged from $68B to $75B: Munich Re, Aon July 24, 2020 By L.S. Howard Munich Re and Aon both issued reports this week on the economic and insurance costs of global natural catastrophes during...
Profile: MGA Nexus Group Sets Sights on U.S. Growth, Even During COVID-19 Crisis July 9, 2020 By L.S. Howard Nexus Group, the UK-based managing general agent, is looking to the U.S. for growth opportunities, despite the raging COVID-19 crisis....
How to Prepare for the Next ‘Black-Swan’ Event? Lloyd’s Has Some Suggestions. July 2, 2020 By L.S. Howard Lloyd’s of London is proposing solutions that could provide customers with greater protection against a future wave of the COVID-19...
Aon Reverses Salary Cuts Implemented in May for Most Employees June 30, 2020 By L.S. Howard Aon will end the salary cuts implemented in May as a response to the economic uncertainties caused by the COVID-19...