News

Insurance

“The next opioids”—$84.3bn potential diesel litigation losses as claimants broaden their attacks

Actions against companies for climate change have yet to succeed, but the range of risks is growing, according to casualty catastrophe risk modeller Praedicat.   16 September 2021

Insurance

MEASA reinsurance players spy growth beyond GCC

The major economies of the Gulf Cooperation Council have been the bulwark of growth in the MEASA region, and while they remain the primary driver, the spillover effect of economic diversification provides more opportunities for carriers to expand to other countries.   16 September 2021

Insurance

MGAs are thriving since Lloyd’s Decile 10

Despite the pandemic, confidence is recovering fast in the MGA market, according to law firm Clyde & Co’s latest survey of the MGA market, carried out with more than 50 insurers and MGAs in summer 2021.   15 September 2021

Insurance

Cooper calls for post-pandemic improvement in industry standards around terms

The pandemic exposed weaknesses in the re/insurance industry’s use of wordings in policies, and the sector must do better on that and on climate change, says AXA XL’s reinsurance chief.   15 September 2021

Insurance

Carbon Underwriting reveals key hire from MS Amlin

Carbon is looking to evolve as a technology-driven MGU and Lloyd’s Syndicate.   15 September 2021

Insurance

Acrisure hires new CFO from Disney, embarks on aggressive growth strategy

The appointee is said to be ‘among the best in his field’; he will help the brokerage expand its business.   15 September 2021

Insurance

Challenges remain for small business as COVID recovery builds

The pandemic has challenged not just small businesses but also their insurers. Both have shown adaptability and resilience which will continue to be needed as the economy recovers, says Markel’s Matt Huels.   15 September 2021

Insurance

Headwinds mean further rate increases are needed: UnipolRe

While rates continue to move in the right direction, they still have some way to go to become sustainable in the context of many challenges. That is the view of John Scully and Marco Sordoni of UnipolRe, who spoke to Monte Carlo Today.   15 September 2021

Insurance

‘Grey rhino’ risks will ensure continued upward pressure on rates

Despite recent rate increases and positive sentiment in the industry, reinsurers’ returns could still be underwhelming, leading to longer-term upward pressure on rates, Stuart Shipperlee, managing director, Litmus Analysis, told Monte Carlo Today.   15 September 2021

Insurance

Pandemic lessons and tech maturity

The time has come for the industry to take full advantage of the technology offerings available, according to the CEO and managing partner of Gossmann & Cie.   15 September 2021

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