Insurance Premiums Surging for Ukraine War-Exposed Business: Sources May 31, 2022 Insurance premiums are doubling or more for some aviation and marine business particularly exposed to the war in Ukraine, increasing...
Memo to Brokers: Stick With Loyal Insurers/MGAs, Price Isn’t the Only Differentiator May 23, 2022 By L.S. Howard Instead of oscillating between extreme hard and soft markets, the insurance industry needs to promote a more sustainable business model...
British Insurance Brokers’ Assn., Allianz Create Digital Guide to Combat Underinsurance May 23, 2022 The British Insurance Brokers’ Association (BIBA) and Allianz have developed a digital guide to support brokers in helping their customers...
Why This Is Not a ‘Standard’ Hard Market and Other Views on Today’s Insurance Market September 29, 2021 By Susanne Sclafane Interesting. Fluctuating. Moderating. Fun. Those are the words that Patrick M. Gallagher, chief executive officer of Gallagher Global Brokerage for...
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...
How Lloyd’s Underwriters Are Viewing Today’s U.S. Property Insurance Environment November 12, 2020 By Andrew G. Simpson While the COVID-19 pandemic has slowed business activity around the globe, for underwriters in the Lloyd’s market who were in...
More Companies Turn to Captives as Rates Rise, Terms & Conditions Tighten October 26, 2020 By Carolyn Cohn Fed up with rising prices and more stringent terms and conditions for their insurance policies as a result of the...
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...
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...
For Global Insurers, Pandemic Likely to Erase Profits Until 2021 Second Half: Fitch May 11, 2020 While insurance rates have risen for nine consecutive quarters due to large catastrophe losses and accelerating claims inflation, Fitch Ratings...