Articles
Insurance
As the reinsurance industry continues to struggle to find sustainable growth, there remain several US government bodies that would benefit from moving risk into the private sector. 22 October 2019
Insurance
The chief underwriting officer of Everest Insurance, the specialty insurance operation of the Everest Re Group, is in Boston this week seeking deeper and more intimate relationships with its reinsurers. 22 October 2019
Insurance
Beazley is seeking a 10 percent uplift in pricing across its portfolio as an average and is prepared to walk away from business it deems unsustainable, Mark Vaughan, deputy head of treaty with responsibility for writing the US & International treaty account from London, told APCIA Today. 22 October 2019
Insurance
David Barber, a Lloyd’s underwriter for 30 years specializing in US casualty business, is joining Fortegra Financial Corporation as the Chief Underwriting Officer for specialty lines in London. 22 October 2019
Insurance
Broker Aon has unveiled a new division within its US operation designed to enhance the value it brings to its regional insurer clients. 21 October 2019
Insurance
Almost all lines of business are seeing rate increases as well as greater underwriting discipline something that reinsurers have not seen for many years. 21 October 2019
Insurance
The protection gap in the US remains a key issue for the American Property Casualty Insurance Association (APCIA); as such, it is focused on certain risks that are traditionally underinsured, such as flood, as well as securing the best outcomes for structures that help manage certain risks including the Terrorism Risk Insurance Act (TRIA). 21 October 2019
Insurance
Delegates attending the APCIA conference have their eyes on the horizon, according to a survey carried out for APCIA Today. 21 October 2019
Insurance
A shift has taken place in recent years to a new terrorism paradigm of lower severity but higher frequency modus operandi. Specifically, as security forces have tightened around the formation of groups and their ability to construct improvised explosive devices (IEDs), marauding attacks have become more common, using weapons including vehicles, bladed instrument and guns. 21 October 2019
Insurance
The heavy losses the industry has borne in the past two years caused by so-called secondary perils have forced something of a reset in the mentality of re/insurers, whereby some are relying less on the pure output from risk models and more on their own individual view of the risk before them. 21 October 2019
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