U.K. P&C Insurers Face Strong Competition, Claims Inflation: AM Best Report January 16, 2020 Market conditions for U.K. non-life insurers were difficult in 2019 as they continued to face strong competition and claims inflation,...
Top Challenges for London’s Re/Insurers Are Soft Market, Brexit, Regulations: IUA September 28, 2017 The top three challenges facing London market companies are the soft market, Brexit and regulatory compliance, according to a survey...
UK to Alter ‘Ogden Rate’ Used to Calculate Personal Injury Payments September 7, 2017 Britain plans to alter the rate used to calculate upfront personal injury payments, the Ministry of Justice said on Thursday,...
Soft Rates Begin to Hit Results – But Pain Continues at Mid-Year Renewals: Willis Re July 11, 2017 Despite the deterioration many reinsurers saw in the first quarter, mid-year renewals continued their downward pricing trajectory, according to Willis...
Excess Capacity Continues to Drive Rate Cuts at June Renewals: JLT Re Report June 5, 2017 Reinsurance rates fell for the sixth consecutive year at the June 1, 2017 renewals, according to a market commentary published...
Bermuda Re/Insurers Hit by Ogden Rate Change, Higher Nat Cats: S&P May 12, 2017 A big change in the Ogden rate in the UK and higher natural catastrophe losses are dampening a wide range...
UK Car Premiums Rise by 16% to $949 with More Pain Ahead: Willis Towers Watson, Confused.com April 11, 2017 U.K. car insurance premiums rose 1.8 percent in the first quarter of 2017, with motorists now paying an average of...
Travelers Notes Impact of Cut in UK Discount Rate for Lump Sum Payouts March 20, 2017 The Travelers Companies Inc. has estimated impact of the recent decision by the UK Ministry of Justice to reduce the...
UK Insurers’ Reserve Strengthening Likely After Personal Injury Discount Rate Change: A.M. Best March 1, 2017 The earnings of U.K. insurers likely will be hit by reserve strengthening following the U.K. government’s announcement of a dramatic...