Articles
Insurance
The market should brace itself for some disruption if the Terrorism Risk Insurance Act (TRIA) is not extended in 2020—and carriers should definitely assume that changes to the terrorism backstop will be made, and prepare accordingly. 21 October 2019
Insurance
Bermuda remains the global leader in the ILS space. Helen Goonewardene, vice president, business development at HSBC Securities Services, Bermuda, told APCIA Today why. 21 October 2019
Insurance
Most lines of business in Munich Re Syndicate’s portfolio are seeing rates increase and, in some cases, a quite significant increase, according to Dominick Hoare, the syndicate’s group chief underwriting officer. 21 October 2019
Insurance
Credit fundamentals will continue to reflect intense pricing competition and low investment yields, limiting profitability in the reinsurance sector. 21 October 2019
Insurance
Bermuda-based Maiden Reinsurance, the principal operating subsidiary of Maiden Holdings, has submitted filings to re-domesticate from Bermuda to the US state of Vermont. 21 October 2019
Insurance
AM Best has called on European re/insurers to demonstrate underwriting discipline and a continued improvement in rates and terms in 2020. 21 October 2019
Insurance
Reinsurers may think they know what the perfect client looks like but they might not always be correct. Stuart Shipperlee, managing director of Litmus Analysis, explains the perspective offered by the results of the consultancy’s analysis of North American cedants. 20 October 2019
Insurance
One of the top priorities of the Reinsurance Association of America (RAA) over the next 12 months will be working with state regulators to ensure the bilateral covered agreement on insurance and reinsurance between the EU and the US, signed in 2017, is implemented by all states before the five-year deadline is reached. 20 October 2019
Insurance
Concern in the US casualty market that pricing hikes are not enough to cover some of the increases in loss costs is causing an element of fear in the market and could mean further upward pressure on rates. 20 October 2019
Insurance
Erosion of contract certainty and risk-based pricing norms are the biggest worries for APCIA members
The US insurance industry is grappling with the significant erosion of contract certainty because of substantial challenges facing legal due process and other judicial norms, increasing litigation and ever more “nuclear” verdicts; this issue has become the number one priority of members of the American Property Casualty Insurance Association (APCIA). 20 October 2019
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