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MGA execs bullish but admit sector must pass Lloyd’s test first

Europe, London Market18-07-2018Managing General Agencies (MGA), Specialty Insurance

Managing general agents (MGAs) are coming under growing pressure from Lloyd’s as part of the market’s profitability push while also grappling with the continued uncertainty around Brexit. But executives in the sector remain confident they can adapt and manage the challenges.

Modelling extreme liability events—including school shootings

Global13-07-2018Casualty Insurance, Catastrophe, Risk Modelling

The development of the industry’s first fully probabilistic model for extreme liability events represents a breakthrough for risk modelling and the use of such models will eventually become common practice in the risk transfer sector, Robin Wilkinson, vice president and managing director of casualty analytics at AIR Worldwide, tells Intelligent Insurer.

Insuring the unique risks of a football World Cup

Europe, Germany, Russia02-07-2018Cyber, Terrorism Insurance

The football World Cup will be watched by a billion people globally, but it is possible at all only thanks to the complex web of insurance policies underpinning its large and complex risks, from injured footballers to cyber and terrorism attacks. Intelligent Insurer reports.

Beale makes ‘tough’ call to leave Lloyd’s amid modernisation push

Europe, London Market29-06-2018Property and Casualty (P&C)

When she took the reins in January 2014, Lloyd’s CEO Inga Beale became the first woman to head the 330-year old market for specialist insurance in London. She is stepping down while the modernisation process is very much a work in progress – a decision she has called tough – though most market participants credit her with having moved the market forward in a positive direction.

Size matters: Lloyd’s brokers are in expansion mode

Europe, Global21-06-2018BrokingChristian Wuestner

Lloyd’s brokers are expanding to achieve economies of scale and become more competitive, Intelligent Insurer finds out in conversation with the CEOs of Endeavour and RFIB.

The impact of US tax reform

North America14-06-2018Life Insurance, Property and Casualty (P&C)

The new US Tax Cuts and Jobs Act will have meaningful implications for tax-advantaged securities, particularly municipal bonds, as Sean Conaghan, Sean Coughlin and Harold Hawkins of NEAM explain.

RSG: A unique approach

Global, North America06-06-2018Managing General Agencies (MGA), Specialty Insurance

Just shy of eight years old, RSG Underwriting Managers now has 80 lines of business and more than 250 specialty underwriters. Intelligent Insurer speaks to chairman and CEO Mike Rice and COO Miles Wuller about the principles behind RSGUM’s rapid rise and what the future holds.

Analysing results of the 60 biggest MGAs in the London Market

London Market, UK30-05-2018Managing General Agencies (MGA)

Managing general agents (MGAs) remain a vital part of the rich tapestry of the London Market. In this report, we gathered the results of the 60 biggest MGAs in the London Market, examining their growing affinity with insurance and grilling a few on their outlook and plans for the coming years.

GDPR to test cyber policies in Europe

Global23-05-2018Cyber

The insurance sector has been hoping that the European Union’s General Data Protection Regulation (GDPR) would boost the demand for cyber insurance as the cover has largely been sold as protection against data breaches. But how the market will be affected will depend on the severity of the enforcement actions taken by the EU and UK supervisory authorities, says Alex Jomaa, cyber underwriter at Tokio Marine Kiln.

Give me back my data: what insurers can expect from GDPR

Europe21-05-2018Christian Wuestner

A new data protection regulation which comes into force from May 25 in Europe will offer customers more insight into insurers’ decisions with regards to pricing and claims payments, increasing the likelihood of disputes while facilitating the switch to a different provider, as Intelligent Insurer discovers.

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