Broker stranglehold set to strengthen as regulatory headwind disperses.
Leave clients to decide how they want to pay – it’s their money after all.
A recent private equity acquisition valued the broker at around 15x Ebitda.
Brokers are pushing for a 5-10 percent rate increase on standard renewals.
The Australian Royal Commission into financial services misconduct has led to withdrawal of local capacity
Combined profits held level at $4.9bn across 2017/18 despite a five-point worsening in the mutuals’ aggregated combined ratio.
Adverse development and a withdrawal of capacity are expected to lead to increased pricing for loss-affected Latin American accounts.
A lawsuit by Affinity Gaming against security firm Trustwave is raising awareness of the risk, according to a report.
A creeping sense of optimism stems from specialty lines
Julian Enoizi, who was instrumental in bringing the £75mn Baltic Re terrorism cat bond to market, said using ILS for an exotic risk was “a long journey”.