Articles

Insurance

London Market eliminates need to re-key data

The London Market Group (LMG) said on Aug. 8 that it introduced an online service that converts the contents of a paper Market Reform Contract (MRC) – the policy wording – into consistent electronic data that can then be ingested by the carriers’ own systems.   8 August 2017

Alternative Risk Transfer

CATCo chairman expects further rate declines at 2019 January renewals

The chairman of the CATCo Reinsurance Opportunities Fund is expecting further rate decreases in the January 2019 renewals following challenging 2018 renewals.   20 August 2018

Insurance

XL Catlin evolves its active assailant coverage

XL Catlin has launched active assailant, loss of attraction and threat (ALT) insurance solution, which includes coverage for active assailant attacks on the operations of businesses and service providers.   15 December 2016

Alternative Risk Transfer

Neon poaches Argo reinsurance, alternative capital director Gibson

Specialist Lloyd's insurer Neon has hired Mark Gibson as reinsurance and alternative capital director, reporting to managing director Ian Martin.   11 July 2017

Insurance

Sompo Canopius boosts credit, political risk with Deutsche Bank hire

Specialty re/insurer Sompo Canopius has appointed Tim Phillips as credit and political risk underwriter.   11 July 2017

Alternative Risk Transfer

Mid-year renewal cat rates trail 1/1 prices

Mid-year catastrophe reinsurance renewal rate increases are lagging January 1 hikes, notwithstanding mid-year's higher prevalence of loss-impacted accounts and hurricane Irma's continuing modest loss "creep," according to KBW.   25 May 2018

Insurance

Lloyd's profits down 16.4 percent in H1 2017

Specialist insurance and reinsurance market Lloyd's reported pre-tax profits of £1.22bn for the first half of 2017, down from £1.46bn for the same period in 2016.   28 September 2017

Insurance

Diving below the surface

Intelligent Insurer goes beneath the surface of the risk pool sector to discover why so many insurance firms are keen to get involved.   15 October 2019

Insurance

Rating agencies positive on Ironshore deal; could resolve financial concerns

The rating agencies have started to react to the news that Liberty Mutual will acquire Ironshore – just over a year after Fosun International, China’s biggest conglomerate, acquired the remaining 80 percent stake in the Bermuda-based property/casualty insurer.   6 December 2016

Insurance

Atradius targets global expansion with new European operations

Dutch trade credit insurer Atradius has established new offices in Bulgaria and Romania to further expand its international presence.   16 November 2017

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