Quotes of Note

“In 2008, you could have probably sat the whole of the London M&A insurance community round a meeting room table. Now there are more than 300 people in that market.”

Full Article
Adrian Furlonge, partner at M&A insurance broker Helmsley Wynne Furlonge.

“The legal battle over who will ultimately share in paying for losses associated with the pandemic is far from over.”

Full Article
A.M. Best in Commercial Lines Outlook 2021

“This is the first firming market I have seen since I joined the insurance industry, so it certainly looks a lot different than it did when I started.”

Full Article
Steve Moughamian, Risk Placement Services (RPS), Lexington, Ky.

“The coronavirus outbreak has reduced risk in some areas while, at the same time, changing and heightening it in others. The wider changes in society and industry brought about and accelerated by the pandemic are likely to have a long-term impact on claims patterns and loss trends in the corporate insurance sector.”

Full Article
Thomas Sepp, chief claims officer, Allianz Global Corporate & Specialty

“Certainly, claims — with all of their moving parts in all of the lines of business — still present compliance challenges.”

Full Article
Kathy Donovan, lead researcher for Wolters Kluwer, on P/C insurers' top market conducts mistakes.

“Stay home. … Just stay home. That will help you and help us. Do not try to drive through this high water.”

Full Article
Houston Mayor Sylvester Turner

“The widening global protection gap is a huge opportunity for insurers to fulfill their mandate as risk absorbers and improve societal resilience. In times of crisis, households need risk protection. Insurance is a key tool to help households reduce their financial vulnerability in disruptive environments.”

Full Article
Jerome Jean Haegeli, group chief economist, Swiss Re

“This has been a tremendous period of time to identify blind spots. Where did you think you were protected versus where you’re not? As you took the plan off the shelf, if you will, and you put it into practice, what did work and didn’t work about applying that plan?”

Full Article
Jim Wetekamp, CEO, Riskonnect

If the court doesn’t reconsider, then in California, it’s hard to believe we’ll be able to switch our model to full-time employment quickly.

Full Article
Uber Chief Executive Officer Dara Khosrowshahi

“What NotPetya really laid bare was this idea that if you’re selling a half-baked cyber coverage grant inside of some other policy, you’re playing with fire. And if you’re an insured, you’re not buying a product that’s fit for purpose.”

Full Article
Conan Ward, president of MGA/MGU Operations at QOMPLX.