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Extratropical Cyclone Burglind, also known as Eleanor, which hit the UK and Europe in January 2018, will cost insurers some €756 million, according to insurance data company PERILS’ final loss estimate. 3 January 2019
Alternative Risk Transfer
Reinsurance placements at 1 January 2019 highlight a pricing gap between accounts with peak peril exposures or poor loss records and the rest, with many reinsurers placing emphasis on the quality of client counterparties, according to the latest 1st View renewals report from Willis Re. 2 January 2019
Insurance
JLT Re's global property-catastrophe reinsurance index fell 1.2 percent at the January 1 renewals, despite 2018 being one of the costliest years in terms of catastrophe losses. 2 January 2019
Insurance
Specialty managing general agent (MGA) Nexus Group has acquired Hiscox Global Flying (HGF), a provider of insurance for aviation professionals. 21 December 2018
Insurance
The Corporation of Lloyd’s has set the targets for electronic placement for the first half of 2019 following approval from the Lloyd’s board and council. 20 December 2018
Alternative Risk Transfer
The insurance-linked securities market continues to grow, with Bermuda leading the way, according to the latest report from the Bermuda Monetary Authority. 20 December 2018
Insurance
Rates will harden in 2019—or at the very least remain stable. That is what our readers believe as they approach the January 1 renewals. But we are also mindful that the Christmas spirit may have made some a little too optimistic. 20 December 2018
Insurance
The disruptive impact of insurtech, consolidation and further severe cat losses dominate the worries of our readers as they reflect on 2018—but they also appear resigned to grappling with such difficulties as the market heads into 2019. Those were some of the findings of the Intelligent Insurer year-end online survey. 20 December 2018
Insurance
Investors demand everything from growth to investment in technology to diversity these days, and industry CEOs will have it tough in 2019. It is no wonder that the new year’s resolution of some execs is to retire. 20 December 2018
Insurance
More than $1.3 billion of insurtech funding was completed during the third quarter of 2018, double the figure from the previous quarter, according to Willis Towers Watson research. 20 December 2018
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