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Nichols named interim CEO/chairman at Protective

News

People Moves

Nichols named interim CEO/chairman at Protective

Jay Nichols has returned to a front seat position in the industry as chairman and interim CEO of specialist trucking and transportation carrier Protective Insurance Corporation.

Tue 23 Oct 2018

Universal passes reinsurers up to $315mn bill on Michael loss

News

Losses

Universal passes reinsurers up to $315mn bill on Michael loss

Floridian headquartered Universal Insurance Holdings is set to pass around $315mn of its losses from Hurricane Michael to its reinsurance panel.

Tue 23 Oct 2018

Skuld given green light for Lloyd’s 2019

News

Marine

Skuld given green light for Lloyd’s 2019

Scandinavian marine insurer Skuld has had its Lloyd’s business plan approved for next year, Re-Insurance understands.

Tue 23 Oct 2018

News

Apollo launches new £130mn Lloyd’s SPA Syndicate

Independent Lloyd’s managing agency Apollo Syndicate Management Ltd (Apollo) has received “in principle” approval to launch a £130mn SPA Syndicate 1971 to operate alongside its existing Syndicate 1969.

Tue 23 Oct 2018

'Extremely dangerous' Category 4 Hurricane Willa nearing Mexico's Pacific coast

News

Losses

'Extremely dangerous' Category 4 Hurricane Willa nearing Mexico's Pacific coast

Hurricane Willa is nearing the Pacific coast of Mexico as a Category 4 storm, bringing the potential for life-threatening storm surge, wind and torrents of rain.

Tue 23 Oct 2018

‘Alternative capital hasn’t tapped into Eastern Europe or MENA yet’: Aon

Analysis

Baden-Baden

‘Alternative capital hasn’t tapped into Eastern Europe or MENA yet’: Aon

Cedants in Central and Eastern Europe, Middle East and North Africa are yet to fully embrace the burgeoning alternative capital markets, according to Aon’s Tomas Novotny

Tue 23 Oct 2018

Driving innovation in the legal industry

Comment

Baden-Baden

Driving innovation in the legal industry

DWF’s head of transport and marine specialist Jonathan Moss discusses the legal implications of AI, blockchain and big data analytics for the insurance industry

Tue 23 Oct 2018

Comment

Baden-Baden

Cyber: Does familiarity breed capacity?

PCS’ assistant vice president Tom Johansmeyer discusses the challenges in underwriting high excess layers in affirmative cyber and the obstacles brokers must overcome when placing large programmes

Tue 23 Oct 2018

Comment

Baden-Baden

All eyes on retro...

In 2018, it was the retro tail that wagged the reinsurance dog.

Tue 23 Oct 2018

Follow the money to measure connected risk

Comment

Aviation

Follow the money to measure connected risk

Russell Group founder Suki Basi provides the solution to the connected risk dilemma

Tue 23 Oct 2018

Lloyd’s imposing capital loads on 2019 syndicates

News

Baden-Baden

Lloyd’s imposing capital loads on 2019 syndicates

The expectation is growing that Syndicates trading in 2019 will do so with higher capital requirements compared to this year and in many cases with reduced top-lines.

Tue 23 Oct 2018

Excess capital to drive 1.1 pricing despite recent losses

News

Baden-Baden

Excess capital to drive 1.1 pricing despite recent losses

Despite the third quarter’s flurry of US and Asia cat events and the heavy Europeans storms earlier this year, cat reinsurers at Baden-Baden remain privately pessimistic about the prospect of 2019 seeing an uptick in rates.

Tue 23 Oct 2018

$100bn ILS appetite will continue despite rising yields

News

Baden-Baden

$100bn ILS appetite will continue despite rising yields

Traditional reinsurers who have faced fierce pricing competition from the pension funds and other investors in the ILS sector are naive if they think the sector will diminish with rising interest rates.

Tue 23 Oct 2018

Apollo lowered bid twice before agreeing Aspen deal

News

M&A

Apollo lowered bid twice before agreeing Aspen deal

Apollo Global Management lowered initial non-binding offers for Aspen twice before a counter-proposal from the Bermudian (re)insurer led to the all-cash transaction at $42.75 a share being agreed.

Mon 22 Oct 2018

Flagship Canopius syndicate to cut 2019 gross premiums by £80mn

News

Losses

Flagship Canopius syndicate to cut 2019 gross premiums by £80mn

Top-ten Lloyd’s insurer Canopius will cut gross premiums by £80mn for its flagship Syndicate 4444 for 2019 as further evidence of the Corporation’s determination to de-leverage the market after the decline in overall performance levels in recent years.

Mon 22 Oct 2018

Up-for-sale Lloyd’s motor insurer receives heavy capital loading

News

Results

Up-for-sale Lloyd’s motor insurer receives heavy capital loading

Lloyd’s motor syndicate ERS has received a capital loading for next year in a further demonstration of the Corporation’s “get tough” approach after the recent decline in the market’s results.

Mon 22 Oct 2018