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Lloyd’s beats admitted lines retreat from US Virgin Islands, Kentucky and Illinois

The market hones its US focus on reinsurance and surplus lines.

The Full Perspective: Lemonade's surge, Allstate-NatGen

This week the team looks at the consequences of Lemonade's highly successful IPO and the implications for the InsurTech's prospects.

The Week in 90 Seconds

Lloyd's business-planning outlook, Aon-Willis' merger update and the Covid-19 spur to reinsurance buying.

Opinion: Lloyd’s business planning – Remediation over growth

Lloyd’s looks set to choose another round of remediation over a pivot to growth for 2021.

• ‘Nothing better’ for InsurTech than Covid-19: Wefox CEO
• ICA ups Australian summer cat loss figure to A$5.3bn
• RenRe’s Dutt steps down from Ventures role
• Schirmer and Beazley end cooperation on follow-only syndicate
• Reinsurers vindicated as Equitas and MMI settle mesothelioma clash
• US insured cat losses in June near $1.7bn: Aon

Opinion

(Re)Connect is a chance to reimagine the old Monte Carlo format in a digital way

Who is next, AM Best?

Some reinsurers risk running Covid-19 net due to tighter wordings on retro policies

Curtailed insurance spend and a more cautious tone from underwriters will put bullish cyber growth targets out of reach

In Brief

ABI extends chair and deputy chair appointments to 2021

Liberty promotes O’Neill to commercial CUO as Telford retires

Axa XL’s McGovern replaces ex-AGCS Browne on LMG board

Aon’s Healy to lead HDI Global motor fleet as Gwilt leaves

Direct Insurance Group hires specialist liability head

Allied World's Shohtoku to lead Asia Pacific after Garrison construction move

Analysis

Insider 50 banks best monthly performance in over two years

Shares in London-listed carriers surged after cashing in from a hardening market.

FCA BI test case expected to pivot on causation and vicinity wordings

Eventual payouts could vary wildly depending on the interpretation of trends clauses, lawyers note.

London specialty rates accelerate further at mid-year

The prospect of a fourth consecutive year of underwriting losses and Covid-19 uncertainty has spurred additional rate momentum since January.

Insurance gender pay gap narrows to 30% but still over double UK average

Analysis of the limited number of insurance company reporters shows a slight improvement in median gender pay for 2019.

New frontrunners emerge in 2020 Political Risk Rankings

Axa XL’s Ian Nunn and Beazley’s Richard Hutton win the underwriter rankings while BPL Global’s Charlie Radcliffe tops the broker rankings.

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