Analysis
Analysis
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Sources cited numerous issues with how collateral protection insurance was designed.
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Hiscox, Beazley and Lancashire all delivered one-off capital returns while swerving casualty issues.
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DDM is due to be removed as a core central service on 13 September.
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On average, risks are being placed in a range of flat to up 5%.
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Attention is fixed on how competition will impact pricing in H2.
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CEO John Neal has ambitions to pull in more major insurers, E&S players and captives.
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Rate increases have accelerated further after major losses in 2023.
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Underwriters are pushing for rate rises, but competition is increasing.
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Strong reinsurance results have absorbed long-tail reserve charges.
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Investors are still keen on UK broking – but they may expect more for their money.
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Fragile supply chains are driving up costs.
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Being underweight US casualty gives the firm more room than peers to manoeuvre.
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