Articles

Insurance

Re/insurers face $4bn hit from Baltimore bridge disaster, topping Costa Concordia claims

Losses maybe ‘manageable’ but will add pressure to the marine market, analysts warn.   28 March 2024

Insurance

The rise and rise of E&S—where would Florida be without it?

Changes in the admitted markets and Lloyd’s specifically have led to the rapid growth of the excess and surplus lines markets in the US—a phenomenon that is showing no sign of slowing, Jason Liu, chief executive of insurtech Zywave, tells Intelligent Insurer.   28 March 2024

Insurance

Lloyd’s built 2023 margin gain on distance to large loss, despite PYD

New reserves hit specialty, including more RU-UA aviation sums, plus casualty.   28 March 2024

Insurance

Baltimore bridge collapse hits P&I segment at earnings turning point

P&I clubs had hit their first technical profit since 2016/17, finally put paid to Costa Concordia.   27 March 2024

Reinsurance

Reinsurers will take bulk of P&I claim after Baltimore bridge collapse

AXA XL led the current XoL reinsurance cover for International Group of P&I Clubs.   27 March 2024

Insurance

HDI Global holds double digit growth in 2023; loss ratios tighten

HDI freely took a hit to investment income in bolder swing into higher yields.   26 March 2024

Technology

AI innovations take centre stage in Lloyd’s Lab first Americas-focused cohort

Cohort 12 focuses on addressing major risks in the Americas, nat cat to cybersecurity.   25 March 2024

Insurance

Cautious optimism: S&P mulls LatAm mixed prospects for insurers

The Latin American economic picture may stagnate overall in 2024, leading to a cautious outlook for insurers seeking growth. But there are also some good reasons for optimism, S&P Global Ratings reveals in a new report.   22 March 2024

Insurance

US flood carrier NFIP sees 50% of policies underpriced for 5Y

Given annual caps on rate hikes, some clients could be underpriced for a quarter century.   22 March 2024

Insurance

Brindle-led MGU transforms to ‘The Fidelis Partnership’ for 2024 expansion

The MGU plans to strategically expand its underwriting footprint in 2024.   20 March 2024

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