Jefferies sounds warning on ‘unabated’ social inflation
Analyst Philip Kett says casualty reserves could prove inadequate as class actions continue...
- Insurance Insider / Article / 13 days ago
- insuranceinsider.com
FCA BI case: A verdict, not an outcome
There has been such a huge build-up to the verdict in the FCA BI test case tomorrow, and there is so much riding on it, that there is a palpable hunger on all sides for certainty...
- Insurance Insider / Article / 17 days ago
- insuranceinsider.com
Lloyd’s UK Covid BI impact would be ‘low hundreds of millions’
Lloyd’s is expecting losses in the “low hundreds of millions” of pounds if the outcome of the Financial Conduct Authority’s (FCA) BI test case goes against the (re)insurance industry...
- Insurance Insider / Article / 20 days ago
- insuranceinsider.com
Sompo International buys new whole account XoL casualty cover
Sompo International has purchased a new whole account excess of loss (XoL) cover offering protection for most of its long-tail book in one of the biggest new casualty reinsurance deals...
- Insurance Insider / Article / 27 days ago
- insuranceinsider.com
Aon loses senior casualty broker Gradwick-Light
Aon has lost another senior casualty reinsurance broker, Graham Gradwick-Light, who is expected to join Guy Carpenter, sources said...
- Insurance Insider / Article / 1 month ago
- insuranceinsider.com
International GL prices up 15% as capacity contracts
Under-reserving, soft market pricing and loss cost inflation have coalesced to spark rate increases at a minimum of 15% for both international and US general liability (GL)...
- Insurance Insider / Article / 2 months ago
- insuranceinsider.com
Hiscox now ‘broadly happy’ with reinsurance positioning: Masojada
Hiscox CEO Bronek Masojada has indicated that his firm will not look to take further significant remedial action on its reinsurance book, after the carrier cut back on its Hiscox Re & ILS GWP...
- Insurance Insider / Article / 2 months ago
- insuranceinsider.com
US courts receive more than 200 complaints over Covid-19: Praedicat
Praedicat said US courts have already received more than 200 complaints alleging corporate defendants are responsible for introducing or spreading Covid-19 in the country...
- Insurance Insider / Article / 2 months ago
- insuranceinsider.com
Covid-19 catalyses US casualty treaty rate rises
Reinsurers are achieving across-the-board rate increases on US excess of loss (XoL) casualty treaty at 1 July, while pro rata insurers enjoy their share of original rate rises...
- Insurance Insider / Article / 3 months ago
- insuranceinsider.com