The withdrawal of US domestic capacity for big-ticket property risks continues to bear fruit for the London market.
Despite early hopes of sizeable rate rises, reinsurers are frustrated that many accounts will renew with as-before terms.
Facial recognition software is used to see if customers are “telling the truth”, Lemonade’s Sagalow told InsiderTech New York.
Lemonade faces a challenge in building a direct channel in a broker-dominated market
New deals have brought total year-to-date ILS volumes to $2.9bn, pointing to a shrinking of the market.