Hints and tips:
...The syndicate will look to write business across multiple insurance and reinsurance lines, including political violence, marine, aviation and property catastrophe....
...A-Cap owns five insurers: Sentinel Security Life, Haymarket Insurance and Jazz Reinsurance in Utah, as well as Atlantic Coast Life Insurance and Southern Atlantic Re in South Carolina....
...Aspen is owned by private equity group Apollo and sells insurance and reinsurance through the Lloyd’s of London market as well as in Bermuda and the US....
...Lloyd’s, a centuries-old marketplace where brokers and insurers come together to agree coverage for a range of risks, is one of the global hubs for property catastrophe reinsurance, which pays out when a...
...The performance was helped by a quiet year for hurricane claims as well as a rapid run-up in reinsurance prices over the past 18 months....
...The Canadian group also created a reinsurance affiliate to initially manage $5bn of the Iowa company’s annuity liabilities and today owns 18 per cent of the insurer....
...Aviva said Lloyd’s, a centuries-old market selling specialist insurance and reinsurance covering everything from cyber attacks to hurricanes, was a “major source of untapped growth” for the FTSE 100 group...
...Last year’s results benefited from fewer hurricane claims as well as a steep rise in reinsurance prices. That is unlikely to continue, though Lloyd’s expects rates to level out rather than fall....
...New features in the London Bridge 2 scheme include allowing the reinsurance contracts to be funded by debt securities for the first time, opening the door to a wider array of investment funds....
...“There is a lot of cover for the [protection and indemnity] element to address,” said Neal, citing the $3bn of liability reinsurance that the ship has access to through the International Group of P&I Clubs...
...According to a 2022 legal filing, Matute had corresponded with an unnamed UK reinsurance broker asking him to buy Wimbledon tickets for a senior colleague who “resides in Miami”....
...The decision to stay is an acknowledgment by Lloyd’s of the continued importance of face-to-face contact when hammering out insurance and reinsurance contracts....
...and property catastrophe reinsurance....
...“I think you’re going to see a much stronger movement in price for European reinsurance business,” he said in an interview on Thursday, adding that reinsurance price increases would feed through to primary...
...Lloyd’s said insurance and reinsurance prices rose 9 per cent in the six months to June 30. That helped its underwriting profits to more than double to £2.5bn....
...Moody’s wrote in a recent report that “the rising tide of offshore life reinsurance raises [a] yellow caution flag”....
...In the crucial turn-of-the-year policy renewals, the premiums it retains within its reinsurance business rose almost half year on year as it put more capital to work....
...In outlook figures published on Thursday, Lloyd’s said premiums written across the market this year should hit about £56bn, up from almost £47bn in 2022, as prices rise for commercial insurance and reinsurance...
...The controversy comes as Lloyd’s last year reported its best underwriting performance since 2015 as a sustained upswing in commercial insurance and reinsurance prices more than made up for big claims from...
...The new contract for the Central Fund is a reinsurance agreement that allows Lloyd’s to effectively shift risk off its balance sheet....
...Joe Monaghan, a senior executive in its reinsurance broking division, said the reinsurance sector “may be fast approaching a true hard market”....
...The market, which published aggregate half-year figures on Thursday, said it had taken £1.1bn of the Ukraine hit, net of reinsurance, in the first half....
...He’ll head Brookfield’s publicly listed reinsurance business, which the group plans to expand aggressively....
...But losses after reinsurance will be a fraction of that amount....
...John Neal, chief executive of the City’s specialist market for insurance and reinsurance, told the Financial Times it expected “multibillion-dollar losses” from the conflict but stressed it was still very...
International Edition