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Hard choices over flooding: secondary perils in the balance at January renewals
Insurance
Secondary perils were the primary topic at Baden-Baden this year. The consensus is that they mean Europe can no longer escape rate rises, and who pays will determine whether we’re truly seeing a hard market. Intelligent Insurer reports.   11 November 2021
Insurance
Specialty re/insurer MS Amlin has established a new Bermuda-domiciled special purpose reinsurer and raised some $55 million from third party investors to back the venture.   8 January 2018
Insurance
The overall profitability for AM Best's composite of global reinsurers could drop to a six-year low, and the ratings agency estimates a 2017 combined ratio of 110 percent for the sector, with return on equity (RoE) ranging from 0 percent to -5 percent.   16 November 2017
Insurance
Lloyd’s has upgraded ERS, formerly Equity Red Star, Syndicate 218’s status for readiness for Solvency II from red to amber.   11 November 2014
Insurance
Insurtech startup CoverWallet has closed an $18.5 million series B funding round led by Foundation Capital with participation from existing investors Union Square Ventures, Index Ventures, CV Starr, and Two Sigma Ventures.   16 October 2017
Insurance
Reinsurance broker and consultant JLT Re has appointed Deanna Williams as a partner in its Bermuda operation, reporting to Charles Withers-Clarke, partner, JLT Re in Bermuda.   22 June 2017
Insurance
Advent Claims, the insurtech-led claims third party administrator (TPA) signed an agreement to administer all claims for Aquila Underwriting-backed managing general agent (MGA) Principia Underwriting.   6 November 2017
Insurance
Specialty and commercial re/insurer Liberty Specialty Markets (LSM), part of part of Liberty Mutual Insurance, appointed Bruce Love as director of assumed reinsurance in its casualty treaty department.   6 November 2017
Alternative Risk Transfer
US property/casualty insurer Great American Insurance Group, a subsidiary of financial services firm American Financial Group, is set to use the insurance linked securities (ILS) markets for the first time with a $95 million deal that will offer coverage of named storms, earthquakes, severe thunderstorms and winter storms.   12 March 2014
Insurance
Lloyd’s brokers SSL Insurance Group and Endeavour Insurance Services have entered into an agreement to merge the businesses.   18 May 2018

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