NewsResultsMarkerstudy and QIC agree loan restructure termsMarkerstudy has announced it is “business as usual” as the motor intermediary and parent Qatar Insurance Company agree repayment terms on a loan that rating agency S&P raised concerns over earlier this week.Fri 29 Nov 2019
NewsCooper Gay France acquires TMK EuropeCooper Gay France (CGF), the only Ed Broking arm to retain its predecessor brand, has agreed to acquire Tokio Marine Kiln Europe, TMK’s Belgium-headquartered service company.Fri 29 Nov 2019
NewsLloyd’s projects £36bn+ GWP as it returns to growth in 2020Lloyd’s is expected to write more business than ever before in 2020 with projected GWP in excess of £36bn after a Q4 business planning process that has seen the majority of syndicates approved to write more income next year. Thu 28 Nov 2019
NewsQBE looks to Aspen Re for head of Middle East and AfricaQBE has appointed Abdallah Balbeisi as senior executive officer (SEO), head of Middle East and Africa (MEA).Thu 28 Nov 2019
AnalysisA third of Lloyd’s syndicates greenlighted for +10% growthNearly a third of syndicates have received business plan approval from Lloyd’s to increase their stamp capacity by 10 percent or more in 2020, analysis by The Insurer can reveal.Thu 28 Nov 2019
News(Re)insurers face premium growth risk in thinly buffered developed economies: Swiss ReAdvanced economies with little room to manoeuvre and those most exposed to risks from an economic downturn pose a threat to P&C (re)insurers’ premium growth and asset portfolios, analysis from Swiss Re has found.Thu 28 Nov 2019
NewsSirius 1945 greenlighted for 12.3% capacity increase in 2020Sirius International’s Syndicate 1945 has received Lloyd’s business plan approval for its 2020 stamp capacity to increase by 12.3 percent, The Insurer can reveal.Thu 28 Nov 2019
NewsAviationClimate risk major concern for aviation community: WTWFlooding has emerged as the main weather risk for senior airport executives, with the vast majority citing climate risks as a key exposure going into 2020, according to Willis Towers Watson.Thu 28 Nov 2019
NewsGIC’s Lloyd’s Syndicate 1947 to shrink 7.2% in 2020GIC’s Lloyd’s Syndicate 1947 will see its stamp capacity shrink by 7.2 percent – or £5.5mn – in 2020, The Insurer can reveal.Thu 28 Nov 2019
NewsCasualtyCasualty reserves will push Beazley to FY19 underwriting loss: JefferiesEquity analyst Jefferies has lowered its earnings forecast for Beazley by 25.2 percent, reflecting an underwriting loss at full-year, on the back of the blue-chip insurer’s casualty reserving activity that began in 2018. Thu 28 Nov 2019
NewsLegal disputeQuindell facing UK shareholder class actionQuindell, the disgraced UK insurance services group now known as Watchstone Group plc, is facing a UK securities class action.Thu 28 Nov 2019
NewsM&AGallagher inks Capsicum Re buyoutAJ Gallagher is to acquire 100 percent of reinsurance broker Capsicum Re.Wed 27 Nov 2019
NewsLloyd’s and MAS axe Singapore access schemeLloyd’s and the Monetary Authority of Singapore have agreed to wind back the Lloyd’s Scheme, which gave underwriters authority to write Singaporean domiciled risks from London, by 1 November 2022.Wed 27 Nov 2019
NewsD&OExcess D&O carriers finding success recalibrating ILFsThe D&O market is showing accelerating double-digit rate increases heading into 2020, with excess hardening outpacing primary in some cases.Wed 27 Nov 2019
CommentGreenberg’s vote of Lloyd’s confidence…How quickly the tides of sentiment can change…Wed 27 Nov 2019
NewsRenewalsMining rates soar 20% as losses and retrenchment take tollThe mining insurance market is witnessing rate rises on average of 20 percent across accounts as losses outstrip the dwindling premium pot in the line of business, The Insurer understands.Wed 27 Nov 2019