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Insuring cruise liners in the age of Covid

The resumption of cruising is likely to present additional risks which could result in losses.

Catastrophe insured losses up 35% to $31bn in H1: Swiss Re

Losses from severe convective storms in the US were the highest since the first half of 2011.

Beat Capital to launch property binders vehicle with Aegis underwriter

Adam England will take on Beat’s existing portfolio and redevelop it via a new cell called Satinwood.

Helios’ Hanbury: ‘Perfect time’ to grow top line as pricing booms

CEO targets investment from ILS community as he heralds hardening market.

• Trade body forecasts insured Beirut blast losses at more than $2bn: report
• Axa mulls Singapore sale: report
• Charles Taylor recruits Microsoft’s Ramdas as InsurTech CEO
• Perils lifts Ciara/Sabine windstorm loss forecast to EUR1.61bn
• IG reinsurers notified for $130mn drugs bust ship loss
• Munich Re, Convex, AIG also on Ethiopian Airlines loss

Opinion

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

Convex has an almost unique fundraising story as a hybrid of scale-up and start-up

Covid-19 has accelerated dynamics in the MGA space, and now a tough 1 January renewal looms

In Brief

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

Miller launches Geneva branch

BHSI promotes first-party lines heads in Middle East and Asia

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.

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