There is a compelling strategic rationale for the transaction and the financials make sense.
Although the underlying loss ratio remains stubbornly high, there are green shoots to be seen in Lloyd’s H1 results
Independent brokers welcome the deal, while underwriters fear spiralling commissions
Odyssey plans Integro US sale to refocus broking play on London
The specialty insurer reached out to The Hartford three years after the company made its first approach.
Each of the two carriers wrote just over a quarter of private flood premiums across the two states
The report predicted technology-led change will accelerate over the next few years in the commercial and specialty markets.
Appointments such as Swiss Re Corporate Solutions’ hire of an Allianz Global & Corporate Specialty executive point to a changing culture in the European (re)insurance workplace.
The addition of Whitespace to the list of Lloyd’s-approved e-placing software is a big step forward for the modernisation of the London market.
Acquirer will have to sidestep antitrust concerns and move quickly to tie in key talent.
Broker has established a track record of mid-single digit organic growth in recent years.
The H1 accident-year ex-cat loss ratio continued to grow year on year.
A total of 648 validated nomination were received in The Insurance Insider’s cyber rankings this year – a 40 percent increase year on year.
The ILS manager’s estimate included around $2.1bn of wind damage claims.