Berkshire Hathaway’s recent arrangement with Aon, whereby it takes a 7.5 percent quota share on all retail subscription business with some Lloyd’s participation, has caused controversy in the industry. Intelligent Insurer asked a range of industry figures: “Do you believe it represents an innovative blueprint of things to come in the industry, or a potential threat to underwriting expertise?”
In our annual legal survey, we aim to discover which law ﬁrms and lawyers are leading the ﬁeld in the insurance and reinsurance space.
Low penetration rates, ambitious construction projects and the approach of two world sporting events mean that Brazil is ripe with opportunities for reinsurers. Intelligent Insurer gives an overview of the market.
As the proud sponsor of the ILS section of Intelligent Insurer, Wells Fargo explains why the use of collateral is crucial, whatever the type of ILS deal.
If it is to keep pace with the rate of change in the wider world, the insurance industry must throw off its shackles and embrace innovation. The risks of not doing this are as great as the rewards for companies that succeed, Mike McGavick, chief executive of XL, tells Intelligent Insurer.
As her ﬁrm celebrates its 60th anniversary, Ingrid Carlou, the CEO of Patria Re, explains why the raft of strategic shifts in the business in recent years means the reinsurer is ready to beneﬁt from these fundamental changes in the market.
As margins in parts of the business have tightened in recent years, cutting costs has become ever more important to insurers, leading to a boom of outsourcing companies. Intelligent Insurer examines which functions are being outsourced and which are seen as too important to risk giving to a third party.
The run-off sector is a substantial market. In a survey this year, PwC estimated that a staggering €220 billion of discontinued non-life liabilities is held on the books of European insurers alone. Intelligent Insurer investigates the potential effects of Solvency II on this sector.
After many years of softening, the excess and surplus lines market is now in a state of rehabilitation—but its health remains delicate, Michael Sillat of WKFC Underwriting Managers tells Intelligent Insurer.