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Overcapacity driven by success
Alternative Risk Transfer
There is an oversupply of capacity in the Asia-Pacific region, which is driven in part by the success of Singapore as a regional reinsurance hub, according to Nick Orton, senior international treaty underwriter at Hiscox Re & ILS.   29 October 2018
Insurance
French chemicals producer Arkema on Aug. 31 reported two explosions and black smoke coming from its flooded plant in Crosby, Texas.   31 August 2017
Insurance
Broker Jardine Lloyd Thompson Group (JLT) said on Oct. 26 that the European Commission (EC) has initiated an investigation into the aviation insurance sector following the UK Financial Conduct Authority’s (FCA’s) discontinuation of its investigation.   27 October 2017
Insurance
Navigators Management (UK) and Thomas Miller Specialty have entered into exclusive discussions under which Thomas Miller Specialty would acquire Navigators’ fixed-premium protection and indemnity business.   16 January 2018
Insurance
Lloyd’s Market Association (LMA) has appointed a Markel executive as chairman of its Worldwide Property Panel, which leads on a wide range of issues affecting Lloyd’s managing agents and syndicates on behalf of the Lloyd’s market.   16 January 2018
Insurance
Hamilton Insurance is eyeing opportunities in the US small commercial market. This generates some $150 billion in premiums but, as a fragmented market with no dominant players, it is ripe for transformation, according to Pina Albo, chief executive of Hamilton Insurance Group.   28 October 2018
Insurance
Parts of the US commercial insurance market are archaic and ripe for technology-driven change, with many players keen to embrace anything that makes their businesses more cost-efficient, Jason Keck, chief executive officer and co-founder of insurtech startup Broker Buddha, told PCI Today.   28 October 2018
Insurance
Markel co-CEO Richard Whitt, III is pushing for rate increases in the property market and is otherwise prepared to shed business.   26 April 2018
Alternative Risk Transfer
A number of new reports on the global ILS market point to increasing signs of stability after a tough start to the year. Intelligent ILS investigates.   30 August 2019
Insurance
American International Group (AIG) has received the final approval from the High Court of England & Wales to split its European business among two new entities ahead of the UK’s exit from the European Union.   26 October 2018

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