The Singaporean business gained in prominence with the carrier’s decision earlier this year to shutter its operation in Lloyd’s China and its Sydney operation.
It’s Halloween and the (re)insurance industry is running scared. But the ghastly sounds are not the groans of ghouls or the shrieks of spectres. Instead, it is the moaning and wailing of underwriters astonished at the latest vast liability award.
Politics is dominating much of the news agenda on both sides of the Atlantic. In the UK, it is the continuing issues arising out of Brexit, while in the US, we are now some 13 months from a presidential election and the debates are heating up.
Discussions over the apparent dearth of talent making its way into the (re)insurance industry are nothing new, and yet the situation is one that does not seem to be improving.
One of my major take-aways from last week’s Wholesale and Specialty Insurance Association (WSIA) conference in San Diego was that there is a sense Lloyd’s has missed an opportunity in the US.
Few market participants would argue against the statement that commercial (re)insurance in many of the major established markets is in a state of flux at present.
The concept of emerging risk continues to dominate insurance boardrooms, with subjects such as opioids, cyber and climate change all topics that are frequently raised.
The appointment of David Barrie is the latest of a string of senior hires including former Aon executive Karl Hennessy and former AGCS UK chief Brian Kirwan.
The Monte Carlo Rendez-Vous undoubtedly grabs the bulk of the industry’s attention in September (and will do even more so this year in light of Hurricane Dorian), but for those active in some of the niche areas of the markets we cover, there are events that are far more relevant.
The rise of technology has made our lives exponentially easier. The iPhone I carry around with me means I can be contacted at any time of day on all manner of platforms – calls, text, emails, WhatsApp, Slack, WeChat and more.
US trade body Business Roundtable has expanded its definition of a corporation to one that benefits all stakeholders – customers, employees, suppliers, communities and shareholders, rather than just the latter.
Monday’s edition of the Los Angeles Times contained an op-ed co-written by Ricardo Lara and Tim Edwards highlighting the need for California to push ahead with plans to purchase a disaster insurance programme.
I’ve been writing about (re)insurance for almost a decade now, initially for another London-based industry title, my memories of which are increasingly patchy.
News last week that cryptocurrency exchange Coinbase was working with Aon to establish a captive insurance vehicle prompted some questions among The Insurance Insider’s US news desk.
Southern California was rocked by two earthquakes last weekend and while the (re)insurance industry’s exposure to the events is expected to be minimal, they again served as a reminder of what’s at stake should the so-called “big one” that scientists are expecting actually occur.
The British contingent in The Insurance Insider’s New York-based editorial team grew this week, with one of our reporters making the move across the North Atlantic and setting out their stall in our office on Sixth Avenue.
Willis Re’s latest renewal report highlights how the casualty reinsurance pricing is improving while the market contends with some of the reserving sins of the past.
