News Home

RMS estimates Hurricane Isaias losses at between $3bn-$5bn

The modelling agency included $400mn to $700mn of losses to the US government’s National Flood Insurance Program as part of its estimate.

Guy Carp wins Aviva account from Willis Re after Neale defection

The change is an early sign that MMC’s raids on Willis are bearing fruit.

AGCS pulls paper from M&A insurance MGA Euclid

AGCS is one of four capacity suppliers alongside Swiss Re Corporate Solutions, Aspen and Scor.

Axis hits back at holiday operator in £60mn BI suit

Parkdean’s legal arguments bear a close resemblance to those in the FCA test case.

• Tropical Storm Josephine becomes earliest 10th named storm on record
• Stone Point gains majority of Atrium in Enstar asset swap
• HDI Global Specialty eyeing ‘transformational’ M&A: Wallin and Beutter
• Fast-moving Lake Fire swells to 11,000 acres north of Los Angeles
• The Week in 90 Seconds
• IGI Q2 profit rises 43% amid reserve releases, lower cat burden

Opinion

London is yet to test the value of that intangible social capital which makes the market tick

Five significant risk loss events have made the headlines in under two weeks – compounding the challenges further for London

Hiscox’s 90% projected CoR should prompt further thought at Lloyd’s on moving to a growth paradigm

Eiopa’s pandemic backstop paper underscores complexities

In Brief

Marsh promotes Australian chief Leney to Asia Pacific risk management leader

New Dawn Risk hires The Hartford’s Mills for management liability

Marsh JLT promotes Cheung to UK placement leader

Darag acquires Luxembourg motor writer Arisa

Nexus hires Asia A&H head from Aspen Singapore

ABI appoints Swiss Re UK and Ireland CEO to board

Analysis

Sirius saved, even as it is sold

The Third Point Re acquisition removes the immediate risk of a downgrade below A- for Sirius.

Insider 50 makes gains in July but lags the S&P 500

P&C stocks grew in July as Q2 earnings season started with broker stocks coming out on top.

International GL prices up 15% as capacity contracts

Meanwhile, US GL underwriters fear the impact of Covid-19 litigation.

Syndicate analysis: Growth not always the enemy of profitability at Lloyd’s

Data work by this publication found a low negative correlation between premium growth rate and gross profit margins.

Watkins and Horner lead the 2020 Political Violence Rankings

Horner stood his ground and won the broker ranking for the second consecutive year, while Watkins topped the underwriter league table for the first time.

• Cyber
• US Property Cat
• Political Risk
• Political Violence
• D&O
• Aviation