Early indications suggest planned premium levels are down 7%, as capital loads are forced higher.
No one now can doubt the mettle of this Lloyd’s leadership team and, above all, performance management director Jon Hancock.
Management and backers are looking at options to keep the business running in company market.
Initial reports indicate some positive pricing movement in the third quarter.
Brokers and underwriters are anticipating a turn in the market early next year following a slew of major refinery losses.
The recent sale of a minority stake to Altas appears to have valued the brokerage at an aggressive multiple of Ebitda.
The former Darag CEO claims the method developed by his company will be more cost-efficient than the sale of legacy portfolios practised to date
The line between legacy carrier and live carrier is blurred.
The P&C CEO notes that cedants are looking to work with smaller panels.
Reinsurers provide value in the chain where alternative capital providers and others cannot, executives said at the Guy Carpenter Symposium in Baden-Baden.
MGAs specialising in yacht business are raising new capacity from US domestic insurers.
The start-ups are building balance sheet insurers.
Analysis supports market commentary that after a trend of more centralised reinsurance buying, cedants are now buying more reinsurance.
Subtle shifts are apparent in reinsurance market share for the counties in the line of Hurricane Michael versus state-wide data.